Unusual Options Activity in Southwestern Energy (SWN)

While screening for weekly options to sell today, one name that stuck out like a sore thumb was Southwestern Energy (SWN) as implied volatility in the options expiring next week is up some 13% and the company just announced earnings will be released on October 27, which falls after October expiration. Clearly something is going on in the name, why all the sudden upside call buying (28k vs. 3k average)? M&A rumors of course…The latest is Exxon Mobil (XOM) for SWN with a target price north of $50 (unconfirmed). Looks like over 6k of the Oct 41 calls have been purchased on the day thus far.

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Philip A. Saunders

Mr. Saunders serves as Mesa’s Vice President of Marketing, bringing with him a wealth of experience in strategic marketing and operations. In this role, Mr. Saunders is responsible for overseeing all marketing activities, utilizing a blend of traditional and digital strategies to enhance brand presence and profitability, managing a multi-million dollar marketing budget across various media platforms, and leading the continued implementation of CRM systems to streamline customer engagement and drive business growth.