Deciphering unusual options activity is tricky business. While recognizing which names are receiving heightened interest in the derivatives space can provide an edge, the raw data itself isn’t necessarily useful. It’s like finding a key somewhere in the suburban desert. It’s going to open something. You just have no idea what exactly that thing is.
Case in point is Cheniere Energy (LNG). Billed as a Barchart Technical Opinion “88% Strong Buy,” the liquefied natural gas specialist also has tremendous backing from Wall Street analysts. Among 21 ratings, the worst three ratings come in as a Hold. Adding to the positive narrative is its latest financial disclosure posted in August, which presented an encouraging read for investors.
