Raytheon (RTN) is up $1.05 to $34.87 and directional sentiment in the options market seems bullish. 4,400 calls traded, compared to 500 puts. April 35 calls are the most actives, with 3,600 traded and 93-percent hitting ask-side. Looks like buyers taking positions on hopes today’s rally might continue.
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.