<< Read Full Article
Options: Black & Decker Call-Buying Spike
- Loading Comments...
By Jud Pyle, CFA, chief investment strategist for the Options News Network
Rumors that Danaher (DHR Quote), a technology and manufacturing company, is interested in taking over Black & Decker (BDK Quote) fueled significant call activity in the first hour of trading Monday.
Black & Decker shares climbed nearly 2% to $40.83 this morning. This rally follows announcements last week that the company cut its quarterly dividend by 71% to 12 cents a quarter.
Looking at the May 45 call options, we see that approximately 8,800 contracts traded in the first hour of trading this morning. Current open interest in these calls is 3,260.
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
73.88
|
|
UP
20.63
|
UP
6.40
|
UP
31.64
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
108.95
|
|
+0.20%
|
+0.58%
|
+1.45%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet