Options action tells a story

[calaban48]

July 19 2013 Option Chain highlights for IOC Puts as of 2 p.m. :
Strike Price/Open Interest
$50  -  3,008
$55  -  1,633
$60  -  5,846
$65  -  1,858
$70  -  3,988
$75  -  4,229
$80  -  3,135
$90  -  3,032
That big number at $60 looms large, but I think the high strike-price/open-interest totals are indications that the market is bullish and wants to acquire more IOC.
Thoughts?
P.S. Wouldn't July 19 2013 be a perfect day to announce something, IOC?

[Gator]

"Wouldn't July 19 2013 be a perfect day to announce something, IOC?"

No, announcing the XOM can't come soon enough.

[Getitrt2]

July 17 or 18 or sooner might be better, give them less chance to exit, right?

[jft310]

Lots off longs are short puts !!

[Petrovale]

And lots of shorts are long puts !!

[Gator]

And lots of shorts are short calls.

[ebster123]

And lots of shorts are short calls.

and lots of shorts are short in stature and the groin Good luck fellow longs!!!