Bulls see big gains in $CCI

Option traders have stormed Crown Castle (CCI) once again for big profits on upside positions.

On Jul. 25, Investitute’s market scanners identified the purchase of 5,900 August $130 calls for $1.45 to $2.15 above open interest of 1,957 contracts with shares around $129.11.

Those calls traded for as much as $12.00 this morning, more than 5 times their average purchase prices. The stock rose 9.78% in the same time, illustrating how options can far outperform their underlying shares.

Long calls lock in the price where investors can buy a stock, letting them position for a rally at limited cost with the potential for significant leverage. They carry less risk than owning shares because the most that can be lost is the price of the options no matter how far the stock might fall.

CCI reached a new all-time-high of $141.86 this morning and has pulled back, currently trading lower on the session by 0.57% at $140.06. The cellular-tower operator is up 16.37% since Investitute’s scanners discovered another previous winning trade in the name.