Estee Lauder Companies Inc (EL) $48.83 -0.02%
Speculative call buying being seen in Estee Lauder (EL, news, chart) during the final hour of trading. Total volume in the options mart is running ten times the normal. Shares are down 11 cents to $48.73 and 3,876 of the June 50 calls are trading, compared to open interest of 1,483 calls. 60 percent hitting on the offer, indicating opening buy orders. The July 50 and July 55 calls are also seeing an increase in activity late in the day. No news. Earnings due out mid August.
Category: All Stocks, Mid Cap Stocks, Personal & Household Goods
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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.
