McKesson Corp (MCK) $76.51 -0.04%
McKesson (MCK) loses 6 cents to $76.48 and options volume on the stock is running 14X the daily average, being led by a Feb – Mar 77.5 call spread bought for 70 cents, 4500X to open. Looks like more than 10,000 traded on the session and possibly a bet that shares will hold below $77.5 (~1.3%) through the Feb expiration (24 days), but then rally by mid-March. There’s some event risk ahead, however, as the company is due to release earnings the afternoon of Jan 30.
Category: All Stocks, Large Cap Stocks, Retail
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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.
