IMAX Corporation (IMAX) $31.53 +5.14%
IMAX is up $1.51 to $31.50 and extending a rally that started yesterday after the company announced a 75-theatre joint venture with China’s Wanda Cinema Line. IMAX is up 18.6 percent since Wednesday. Some investors are positoning for additional upside. 3,270 calls and 435 puts traded in the name. April 32 calls are the most actives. 600 traded (92 percent Ask). April 31, April 33, Jun 40 and Jan 35 calls are seeing interest as well. IMAX hit a 52-week high of $32.3 on the last day of 2010 amid takeover speculation. UK Daily Mail speculated Sony might be interested.
Category: All Stocks, Small Cap Stocks, Travel & Leisure
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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.
