This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Nexen, Anadys Options Lure Bullish Traders

Stocks in this article: PGM MOT ANDS

OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in's Deep in the Money Calls newsletter.

David Russell, reporter for OptionMonster.

NEW YORK ( TheStreet) -- Progress Energy (PGN) falls, draws puts: The company has been hit by record levels of energy usage in Florida as that state endures record low temperatures.

Trader positions for Nexen (NXY) upside: The Canadian oil and gas stock has been trapped below $30 since September 2008, but one trader is positioning for a rally past that level in the next two months.

Exelixis (EXEL) trade sees tighter range: The cancer research company's volatility remains high, but one trader sees that continuing to subside over the long term.

Call spread looks for pop in Anadys Pharmaceuticals (ANDS): The micro-cap drug developer has been building a base around $2 since mid-2006, and now one investor is looking for a rally.

Bull target Talisman Energy (TLM) after new high: The energy company will address investors today and tomorrow, and at least one bull is champing at the bit to get long.

Monday premarket:

S&P, Russell pass resistance levels: After closing higher Friday, both indexes will get new resistance levels for today, as well as slightly higher support levels.

Key names at big health care confab: More than 6,000 people will convene at the annual JPMorgan Healthcare Conference this week, the industry's largest single event of the year.

Motorola (MOT) attracts huge call activity: The mobile phone maker fell 4.5% on Friday, but it was the calls that were active as nearly 88,000 changed hands in a single trade.

Strategy bets that Lorillard (LO) will hold: The tobacco company hasn't traded below $60 since April, and one investor thinks that will stay true for the next year.

Trader goes diagonal on Auxilium Pharmaceuticals (AUXL): The pharmaceuticals company has been falling since September, and now one trader is using different expirations to bet on a rebound.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs