Huge OptionHacker Winner in MarkWest Energy Partners, L.P. (MWE)

MarkWest Energy Partners, L.P. (MWE) is a MLP transporting, processing, storing and marketing natural gas. The stock is currently trading around $62.21 in a 52 week range of $58.62-$80.79. The stock has been underperforming the market this year with shares falling 6.23% year to date. Despite the relative weakness in the stock options traders established some very bullish options positions in MWE today.

Earlier today a trader bought 4,000 of the MWE Jan 62.5 calls for $2.55. This is an extremely large order and even though the stock is weak on a chart I thought this set up well for a countertrend trade. I was able to enter the trade for $2.45 and have already taken multiple profit targets as high as $3.30 today. This has been an extremely profitable trade in a very short period of time.

Trade: Buying the MWE Jan 62.5 Calls for $2.45
Risk: $245 per 1 lot
Reward: Unlimited
Breakeven: $64.95

I bought a 50 lot of these and am already up $2,800 in only a few hours.