Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Upside Calls Active On UPS As Stock Hits Fresh Highs

UPS – United Parcel Service Inc. – Trading in weekly call options on the package delivery company indicates some traders are positioning for shares in UPS to continue higher this week, with shares in the name up 3.2% on Monday at a new all time high of $98.65. The company reported third-quarter earnings ahead of the opening bell on Friday.

Traders prepared to benefit from continued gains in the price of the underlying shares in the near term purchased calls on UPS this morning, buying around 775 of the Nov 01 ’13 $97 strike calls for an average premium of $0.60 each, and picking up around 675 of the Nov 01 ’13 $98 strike calls for an average premium of $0.50 apiece. Call buyers stand ready to profit at expiration this week in the event that shares in UPS settle above the breakeven points at $97.60 and $98.50, respectively. 

CROX – Crocs, Inc. – Shares in footwear and apparel maker Crocs fell more than 6.0% during morning trading to $12.95, the lowest level since September 10th, after the stock was cut to ‘Neutral’ from ‘Overweight’ with a target share price of $15.00 from $18.00 at Piper Jaffray.

Trading in the March expiry put options suggests one or more traders are bracing for the price of the underlying to extend losses during the next five months. Upwards of 2,000 of the Mar ’14 $13 strike puts have changed hands so far in the session against open interest of 413 contracts, and it looks like most of the volume was purchased at a premium of $1.40 each. Put buyers stand ready to profit at expiration if shares in CROX decline 10% from the current price of $12.95 to breach the breakeven


Tags: ,

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!