By David Russell, reporter at OptionMonster
NEW YORK -- OptionMONSTER's Heat Seeker tracking systems detected the purchase of some 8,000 September 42 calls, most of which priced for $1.02 to $1.12. Previous open interest was just 509 contracts at the strike, so new money was clearly being put to work.
Calls lock in the price where stock can be purchased no matter how far it might climb. Leverage from these options can allow investors to turn small stock moves into big winners.
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