Alcon shares of the Swiss based medical equipment maker are up $2.75 to $144.30 and option volume is 4x the daily average. Notable transactions are were in the Dec $150 and $155 calls traded 2,500 times in what could both be sales while the February $155 calls which traded 5,000 times at $4.90 a contract. Prior open interest in each strike was less than 250 contracts so this should translate into fresh positioning. Possibly sale of the Dec call to finance purchase of the Feb.

1 user commented on " Alcon Inc (ACL) $144.26 +1.88% "
Follow-up comment rss or Leave a TrackbackThanks. I agree, it looks like some sort of time spread — selling the Dec 150s and 155s, buying the Feb 155s. Maybe they think the stock will stay below $150 through December then rally. Next earnings expected early Feb. So, that might make sense.
Thanks Steve!
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