Union Pacific Corp (UNP) $80.90 +0.68%

| May 30, 2008 More

Union Pacific (UNP) is seeing an increase in buying interest in the January deep out of the money call options following a three-day rally in transportation stocks. The Dow Jones Transport Average added 102 points Tuesday through Thursday. Today, UNP is up 51 cents to $80.86 and calls with strike prices ranging from 90 to 100 are trading on the bid. In all, 11,000 calls have traded, compared to 414 points. Directional sentiment based on Trade Alert data is an overwhelming 95 percent bullish.

Category: All Stocks, Industrial Transportation, Large Cap Stocks

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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