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Post Earnings Expiration Calls Trade in Genesis Energy, L.P.  (Symbol: GEL)

OptionWatch:

Post Earnings Expiration Calls Trade in Genesis Energy, L.P.  (Symbol: GEL)

Posted July 27, 2023
Jeff Praissman
Interactive Brokers

This morning 2,000 Genesis Energy, L.P.  (Symbol: GEL) September 15 ’23 10 calls traded at $0.40. The calls are a 52 delta, the trade is the equivalent of 104,000 shares of stock. This was an opening trade since the open interest in the GEL September 15 ’23 10 calls were under 300 contracts this morning.

GEL earnings are expected to be released on August 3 so while this expiration falls after earnings it is unclear whether this was a pure earning’s play since the August 18 ’23 expiration is also available to trade.

Gel is currently trading at $9.85. Gel has 52-week high of $12.30 and a 52-week low of $8.63.

Gel is currently trading at $9.85. Gel has 52-week high of $12.30 and a 52-week low of $8.63.

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