CBS Corp (CBS) $14.55 +5.32%
CBS with relative strength and bullish order flow Wednesday. Shares added 74 cents to $14.56 and the focus is on the Sep 15 calls. The action includes a multi-exchange sweep of 2344 contracts at 30 cents each, which is an opening customer buyer, according to ISEE data. 4200 contracts now traded. No news on the stock. Implied volatility is down about 4.5 percent to 43. September options expire in 16 days and, due to the holiday Monday, have 12 trading days of life remaining (including today.)
Category: All Stocks, Media, Mid Cap Stocks
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
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.
