Aggressive call buying in front-term Harley Davidson (HOG) upside calls. Buyer(s) paying 16 cents to 23 cents for a total of 3300 so far, small lots, to open a new position. Open interest is a scant 1,388 in open interest. Shares are up just 18 cents to $49.75. The Dec 50 calls is 1.5% out of the money with 2 days until expiry.
About the Author (Author Profile)
Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.