Cummins (CMI) with a bullish trade just before the close Wednesday, as a trader buys the November $45/$48 call spread for 3,000 contracts at $1.20. Cummins will report earnings on October 30th, before market. Shares are very oversold here and this is a bullish bet on the diesel engine maker into earnings.
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Cummins, Inc (CMI) $45.00 .70%
Posted on October 29th, 2009 9:55 am
by jkunkle in All Stocks
(1 votes, average: 5.00 out of 5)You need to be a registered member to rate this post.
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1 user commented on " Cummins, Inc (CMI) $45.00 .70% "
Follow-up comment rss or Leave a TrackbackWow. That’s a bold spread into earnings. 3000 X $1.20.
Interesting.
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