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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Green Mountain Bulls Look for Upside Jolt

Stocks in this article: GMCR

By Pete Najarian, co-founder of OptionMonster

NEW YORK ( OptionMonster) -- Green Mountain Coffee Roasters (GMCR) has sky-high multiples, and some bulls are looking for a jolt to the upside.

Friday's activity involved sellers in the October 82.50 puts and buyers of the November 100 calls, according to OptionMonster's tracking systems. The puts went for $2 to $2.24 and the calls cost $5.70 to $6.30, essentially creating a leveraged bullish position that is similar to owning the stock. More than 6,000 contracts traded in each strike.

The stock rose 0.21% to $92.06 on Friday and is up more than 100% so far this year. Green Mountain is the same company that sells K-cups under different brands, including Caribou Coffee, Gloria Jean's, and Van Houtte.

More than 31,000 contracts traded overall in the name, more than double its average volumes.

Najarian has no positions in GMCR.

This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

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