NYSE:YPF YPF SOCIEDAD ANONIMA
YPF SOCIEDAD ANONIMA , an energy company, engages in the exploration, development, and production of crude oil , natural gas , and liquefied petroleum gas ( LPG ) in Argentina. I have traded this before in the past, but I currently do not have a long position. Today we saw a trader buy 2,000 on the Jan 2015 30-40 Call Spread for $2.85 per 1 lot or a cash outlay of over $500,000. A trader sees that YPF is breaking the on the and thinks it can move higher. This trader would not buy Call Spreads, but Calls outright if they thought the was going to move Parabolic higher. This is a stance and a trader will make almost 300% returns if YPF closes above $40 on Jan 2015 expiration.