Bill Barrett Spokesperson Comments On Wednesday's Option Volume; 13,000% of Average
A spokesperson for Bill Barrett (NYSE: BBG) told Benzinga she believes Wednesday's massive option activity is due to a positive report from Newfield Exploration (NYSE: NFX), who has an adjacent parcel in the Uinta Basin in Utah. Call volume today stands at 6,726% of average, while put volume is at 6,644% of average.
Bill Barrett reports earnings on May 3.
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