Seeing bullish activity in some of the railroad names. Recent trades include a multi-exchange sweep of 10K Union Pacific (UNP) April 40 calls at the offer for 90 cents. Shares are down $1.5 to $33.5 and 10.2K now traded, compared to open interest of 2,220. CSX (CSX) is down 73 cents to $20.86 and recent trades include a multi-exchange sweep of 4800 April 22.5 calls at the offer for $1.45. Burlington Northern (BNI) slid $2.2 to $51.26 and March and April calls at the 55 line are seeing interest today.

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1 user commented on " Union Pacific Corp (UNP) $33.44 -4.40% "
Follow-up comment rss or Leave a TrackbackUgly charts all around. Could be smart money hedging short bets with calls.
But, I’ll listen to opposing views …