Boyd Gaming Corp (BYD) $15.98 +4.99%
Boyd Gaming (BYD, news, chart) June 17.5, June 20, and July 17.5 calls are seeing action on Leverage Buyout chatter, per tradethenews. Shares are up 62 cents to $15.84 and the June 17.5s are the most actives. 4,800 contracts have traded, with 73 percent on the offer. These options come off the board next week and are 10.5 percent out of the money. Nevertheless, with open interest of 2,840 contracts and the bulk of today’s trading on the ask, it appears to be some opening buys on the view the stock will be above $18.00 by the end of trading next Friday.
Category: All Stocks, Small Cap Stocks, Travel & Leisure
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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.
