1820 calls and 125 puts traded on Oshkosh Truck (OSK), which is 7X the typical volume for the stock through midday. Shares started moving off session lows of $19.03 on increasing volume and are now off 29 cents to $19.60 on comments from Navistor CEO. He recently said that he can’t comment on whether his company is in negotiations with OSK (Briefing). Jan 20 calls are are the most actives in OSK. 609 traded. Dec 20 and Jan 22.5 calls are seeing some interest as well. Implied volatility in the options on the stock is up 7.5 percent to 55.
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.