Options News
$EXE call prices surge
Option traders are posting big profits today in Expand Energy Corporation (EXE). On Oct. 17, Market Rebellion’s Unusual Option Activity Service found that 13,500 21November $110 calls were bought for $1.00 with shares at $98.89. Those November 21 $110 calls traded as high as $4.10 today with shares at $112.12, delivering a 310.00% return in […]
Option traders are posting big profits today in Expand Energy Corporation (EXE).
On Oct. 17, Market Rebellion’s Unusual Option Activity Service found that 13,500 21November $110 calls were bought for $1.00 with shares at $98.89.
Those November 21 $110 calls traded as high as $4.10 today with shares at $112.12, delivering a 310.00% return in just 19 days—turning every $1.00 invested into $4.10 in value. Meanwhile, the stock gained approximately 13.38% from the entry price.
This performance illustrates the power of options leverage when the directional thesis proves correct, though it’s important to note that this same leverage can work against traders when market moves go in the opposite direction.
Q3 Earnings Beat and Dividend Hike Fuel Breakout EXE’s rally accelerated after its Q3 earnings release on October 31, where the company reported adjusted EPS of $0.75, surpassing estimates of $0.68, driven by stronger-than-expected natural gas prices and higher LNG export volumes. Revenue climbed 8.2% YoY to $8.1 billion, with the upstream segment posting 12% production growth to 1.15 million BOE/d, aided by successful Permian Basin drilling efficiencies that reduced per-unit costs by 15%.
The beat prompted EXE to boost its quarterly dividend by 5% to $0.43 per share, payable December 1, signaling confidence in free cash flow generation amid elevated commodity prices. Shares jumped 7.2% the following day, clearing the $110 strike and validating the trade’s bullish thesis.
Fed Rate Cut Amplifies Yield Appeal The Federal Reserve’s 25 bps rate cut on November 1 provided additional tailwinds, compressing yields and rotating capital into high-dividend energy infrastructure plays like EXE. With a forward yield now at 4.8% and a beta under 0.9, the stock benefited from reduced discount rates on its long-term LNG contracts, which cover 85% of 2026 output at premiums to Henry Hub.
EXE was last higher on the session by 1.61% at $111.82.