Murphy Oil (MUR) Expected to be Volatile on EPS
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Option strategists at Goldman Sachs recommend buying Murphy Oil Corporation (NYSE: MUR) options ahead of a volatile earnings report on November 2.
The equity analyst on Murphy believes investors will be focused on management comments about downtime at the company's critical Kikeh (Malaysia) field. They say shares could be more volatile than normal this quarter related to this.
They said buy MUR November $55/$57.50 strangles for 6.7%.
The equity analyst on Murphy believes investors will be focused on management comments about downtime at the company's critical Kikeh (Malaysia) field. They say shares could be more volatile than normal this quarter related to this.
They said buy MUR November $55/$57.50 strangles for 6.7%.
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