H-P Call Spread Targets Big Move for 2013

| January 2, 2013 | 0 Comments More

Hewlettt Packard (HPQ) adds 5.2 percent to $15 and is the leader in the Dow Jones Industrial Average this morning. On the options front, the top trades on the stock are part of a Jan14 10 – 15 call spread for $3.15, 10000X on ISE. An investor bought the spread, to open, according to data from ISE. Looks tied to 250K shares at $15 and comes as the stock extends the gains off 52-week lows set after the company reported earnings on 11/20. HPQ is up 28 percent since that time.

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Category: All Stocks, Large Cap Stocks, Technology Hardware & Equipment

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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.