Union Pacific (UNP) is up $3 to $58.06 after Berkshire’s (BRKA) buyout of Burlington Northern (BNI) sparked a rally in the railroad names Tuesday. UNP options activity is running 2X the average daily, with 14K calls and 7925 puts traded. The top trade was a a Jan 50 – 70 risk reversal sold 4000X on AMEX. The strategist collected 60 cents (sold puts) and the position was tied to shares at $58.05 (128K). Meanwhile, Nov 55 and 60 calls are actively traded as well, with some (buy-write) sellers taking advantage of today’s strength to collect premium (and also, some possible rolling from the 55s to 60s.)
WhatsTrading.com
Objective Real Time Market Intelligence
Union Pacific Corp (UNP) $58.00 +5.34%
Posted on November 3rd, 2009 12:05 pm
(1 votes, average: 1.00 out of 5)You need to be a registered member to rate this post.
Loading ...Welcome
Option 8-ball
In the News
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Jan | Mar » | |||||
| Mouse over a bold date for a list of stories (premium stories are starred) | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | ||||||
Sections
- **Flow Monitor**
- All Symbols
- AutoPost
- Buy-Write
- MarketUpdate
- NY Expo Case Study
- Options 101
- ToolBox
- TradeOday
- Uncategorized
6 users commented on " Union Pacific Corp (UNP) $58.00 +5.34% "
Follow-up comment rss or Leave a TrackbackNot related to UNP really Fred, but FYI, those are my $BYT calls out there.
You guys get forums started, I’m DEFINITELY donating btw.
Thanks Rainman. Wait till you see what Henry has been working on before you send any money.
Stay tuned!!!
rainman: BYT – tell more please – rationale etc.
Oh god Fred, I’d throw $$$ in your pants…..you showstar you, j/k
I’ll stay tuned…..thx
Herny knows at least one thing I trade btw ($UKX) at least I hope by now.
ehoeht, 2 downgrades on the sector
risk/reward?
buy 300 shares of SMH?
or buy 300 Delta $BYT into DEC disagreeing with analysts?
again:
risk?
reward?
I don’t know. Nobody else does either.
plz delete all prior posts lol
I don’t know you Fred, not what I put $$$ in your pants hehe, but damn…….seriously whatstrading.com is the MOST under-rated site on the Internet. Hopefully? It will STAY that way.