Patterson-UTI faces resistance just below $17. The stock closed Tuesday at $16.19, up 9.42% during the past month.
Option traders also look like they are preparing for a bearish move on iShares iBoxx $ Invest Grade Corp Bond (LQD). Traders bought 10,043.00 new put option contracts -- 7.92 times the average volume -- on the stock. A full 100% of these trades also came in on the ask price.
The stock closed Tuesday at $111.52, up 1.09% during the past month.
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Options traders appear to be setting up for a bullish move on Host Hotels & Resorts Inc. (

