Resolute Energy Corporation (REN)

Rigrodsky & Long, P.A.

TheStreet's sister site The Deal and analysts at Tudor, Pickering, Holt reported an interesting similarity between Oasis' trading valuation and that of Newfield Exploration, which was acquired by Encana on Thursday for $5.5 billion, but no reports have emerged suggesting Oasis is in merger talks at this time.

Investors in Resolute Energy Corp saw new options become available this week, for the June 2019 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 240 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.

In trading on Wednesday, shares of Resolute Energy Corp entered into oversold territory, changing hands as low as $28.63 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.

Investors in Resolute Energy Corp saw new options become available this week, for the November 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the REN options chain for the new November 16th contracts and identified one put and one call contract of particular interest.

In trading on Thursday, shares of Resolute Energy Corp crossed below their 200 day moving average of $33.34, changing hands as low as $31.48 per share. Resolute Energy Corp shares are currently trading off about 8% on the day.

A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.

In trading on Monday, shares of Resolute Energy Corp crossed below their 200 day moving average of $31.50, changing hands as low as $29.85 per share. Resolute Energy Corp shares are currently trading down about 7.5% on the day.

Investors eyeing a purchase of Resolute Energy Corp shares, but tentative about paying the going market price of $37.38/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2020 put at the $25 strike, which has a bid at the time of this writing of $4.30.

Investors in Resolute Energy Corp saw new options become available this week, for the February 16th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the REN options chain for the new February 16th contracts and identified one put and one call contract of particular interest.

In trading on Thursday, shares of Resolute Energy Corp crossed below their 200 day moving average of $32.23, changing hands as low as $32.07 per share. Resolute Energy Corp shares are currently trading off about 7% on the day.

Investors considering a purchase of Resolute Energy Corp shares, but cautious about paying the going market price of $34.02/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $23 strike, which has a bid at the time of this writing of $2.30.

In trading on Wednesday, shares of Resolute Energy Corp crossed above their 200 day moving average of $32.66, changing hands as high as $33.40 per share. Resolute Energy Corp shares are currently trading up about 2% on the day.

Commodity prices are rising, OPEC is signaling further support for oil prices and U.S. analysts are excited about the outlook of oil stocks in 2018.

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Resolute Energy Corp , where a total volume of 4,641 contracts has been traded thus far today, a contract volume which is representative of approximately 464,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.6% of REN's average daily trading volume over the past month, of 706,995 shares.