KeeneOnMarket

Over $1.5 million bet in SWN

NYSE:SWN   Southwestern Energy Company
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Southwestern Energy Company (SWN) is an independent oil and natural gas company with a focus on exploration and production. The company’s stock is currently trading around $42.35 in a 52 week range of $31.91-$43.51. The stock made a new 52 week high yesterday extending its year to date rally to about 7.5%. Traders seem to believe that SWN’s strength will continue as we have seen some very large bullish orders hitting the tape today. Earlier in the trading session a trader bought 15,000 SWN Jun 47 calls for $1.05. This is a $1.575 million bet on more upside in SWN. With shares of SWN trading just off of their 52 week highs and well above the Ichimoku Cloud we believe that order flow this large signals for a long opportunity in SWN.

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