American Capital (ACAS), the Bethesda, MD diversified investment company, saw a late day spike in its shares and finished the day up 33 cents to $4.37. The options action was also noteworthy, as it hit 3X the average daily levels. About 10K calls and 1300 puts traded. The activity was scattered acrosee Feb, May, and Aug calls at the 2.5 and 5 lines. Feb 5 calls saw the biggest increase in open interest (+1175) after 1100 traded at the asking price of 15 cents on ISE. Total open interest in ACAS calls increased by 2576 (+630 puts). No recent news. Earnings expected early-March.
Note: The visual flow recap charts (below) are interesting. Shows increasing call activity and open interest in ACAS.
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.