Ryland Group Inc (RYL) $20.65 +0.39%
Ryland (RYL) edges up a penny to $20.58 on light volume of 600K shares, which is about half the expected turnover for the homebuilder. Yet, calls on the stock are busy today. 4,060 contracts so far. The flow includes a multi-exchange sweep of 820 June 19 calls for $1.93 per contract. Customers are buying to open, according to data from ISE. 3,125 now traded against 174 in open interest. Jul 19 and 21 calls on RYL are seeing interest as well and bullish trading comes ahead of a Deutsche Bank Industirals and Materials conference presentation tomorrow.
Category: All Stocks, Home Construction, Small Cap Stocks
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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.
