CBOE added 61 cents to $28.75 and some investors were buying calls on the Chicago exchange Tuesday. Sep 31 calls were the most actives. 1,800 traded (82 percent ask). April and May 30 calls saw interest as well. Most of the action was smaller lots. The top trade was 281-contract lot at the 50-cent ask price. Open interest in CBOE calls increased by 3,520 (compared to +106 puts). No news to explain the upside call buying in CBOE yesterday afternoon. The company said Monday that it will release quarterly results on May 5. Shares are off 2 cents to $28.73 Wednesday morning.
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.