CH Robinson Worldwide (CHRW) loses 57 cents to $68.90, but options order flow on the stock is bullish Friday morning. 9,045 calls and only 85 puts traded on the Eden Prairie, MN freight transporation company. The top trade is a 2500-lot of Feb 75 calls bought for 45 cents per contract. The other trades in CHRW have been smaller lots. The next biggest trade is a sweep of 947 Feb 75 calls for 55 cents when the market was 45 to 55 cents. 4,650 now traded against 3,556 in open interest. Feb 72.5, Feb 77.5, Mar 70 and Mar 75 calls on CHRW are also seeing interest and implied volatility is moving up 7 percent to 31. Upside call buying in CHRW comes ahead of a Jan 31 earnings release.
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.