This Day On The Street
Continue to site
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

CTL: Unusual Options Activity (incl video)

TheStreet Premium Services

A complimentary preview
of Options-Profits Previews

CenturyLink (CTL) is a provider of various communication services including local and long distance, cloud hosting, and wireless services. CTL announced earnings on November 7th reporting earnings of $0.66 per share, beating analyst estimates of $0.58. The stock is currently trading around $39.20 in a 52-week range of $34.81-$43.43. The stock is up 5.38% YTD and 6.64% in the past 12 months.

Earlier today there was heavy volume in CTL calls. Paper sold 5000 CTL January 40 calls at $0.55. What is paper? Paper is simply a large order from a mutual fund, hedge fund, retail bank, or large trader. An order of this size is bearish activity in CTL.

Trade: Buy to open CTL January 39-37 put spread for $0.70.

Risk: $70 per 1 lot

Reward: $1.30 per 1 lot

Breakeven: $38.30

Notes: Paper sold 5000 CTL January 40 Calls, bearish activity in the stock. This trade also has a great risk vs. reward setup.

OptionsProfits can be followed on Twitter at

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

At the time of publication, Andrew Keene held no positions in the stocks or issues mentioned.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
Top Rated Stocks Top Rated Funds Top Rated ETFs