Options Spotlight: Weatherford International
This week’s edition of Options Spotlight takes a look at Weatherford International
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PowerRating). The company supplies a wide range of equipment and services used in the oil and gas drilling industries. Weatherford provides well installation and completion systems, equipment rental, and fishing services (removing debris from wells). It provides pipeline services and oil recovery and hydraulic lift and electric submersible pumps to the oil and gas industry. The company also offers contract land drilling services.
In the Options Spotlight, I shine a light on what’s happening in the options world. In the case of Weatherford International, call activity has been brisk on the shares as investors attempt to call a bottom to the security’s downtrend. Has this stock’s retreat finally reached an end? For a closer look at Weatherford International and its sentiment backdrop, please click on the video button below.
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