Options News
Calls score again in $XRAY
Upside option positions in Dentsply yielded big profits today for the second session in a row. On Feb. 27, Investitute’s market scanners detected the purchase of 3,000 18April $42 calls for $1.75 to $1.90 with shares at $41.31. This was clearly fresh buying, as open interest in the strike was a mere 36 contracts before […]
Upside option positions in Dentsply yielded big profits today for the second session in a row.
On Feb. 27, Investitute’s market scanners detected the purchase of 3,000 18April $42 calls for $1.75 to $1.90 with shares at $41.31. This was clearly fresh buying, as open interest in the strike was a mere 36 contracts before the trades occurred.
Those calls sold for as much as $6.12 today, more than triple their purchase prices. The stock rose 16.07% in the same time frame, showing how quickly options can far outpace gains in their underlying shares.
It is the second winning trade in the name posted on Investitute in as many days.
XRAY climbed to $49.05 early this morning but pulled back with the rest of the market to close at $47.75, down 2.47% on the session. The dental-products manufacturer topper earnings and revenue expectations on March 1.