Chicago Bridge & Iron Company N.V. (CBI) Traders See More Downside

Chicago Bridge & Iron Company N.V. (CBI) is on the short-sale restricted list

Digital Content Group

Jan 30, 2015 at 3:00 PM

Chicago Bridge & Iron Company N.V. (NYSE:CBI) is down 11.4% this afternoon to hover near $34.10, after announcing a project to build a pair of nuclear plants in Georgia has been delayed 18 months. As a result, the shares skimmed a three-year low of $32.16 earlier, and found a place on the short-sale restricted list. Meanwhile, puts are flying off the shelves at 12 times the expected intraday pace.

Diving deeper, buy-to-open activity is detected at the March 25 and 30 puts, which are CBI's two most active options, with more than 15,000 total contracts on the tape. In other words, these speculators anticipate the shares will breach the respective strikes by the close on Friday, March 20, when the back-month options expire.

Elsewhere on the Street, short sellers are likely cheering Chicago Bridge & Iron Company N.V.'s (NYSE:CBI) retreat. During the most recent reporting period, short interest swelled 20%, and now makes up 7.3% of the equity's total float.

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.