Paychex Inc (PAYX) $32.10 +0.69%
Some investors are trying to cash in on Paychex (PAYX) call options Friday. Shares are up 22 cents to $32.10 and Mar 32.5s are the most actives. 14.6K traded and, with 76 percent trading at the asking price and 3378 of open interest, looks like short-term speculators dominating the action. Shares saw a morning run to $32.23 on increasing volume. No news, but the action hints at some type of chatter. Earnings due out on Mar 24 and after next week’s expiration.
Category: All Stocks, Industrial Goods & Services, Large Cap Stocks
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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.
