Mead Options Players Look for Paper Gains

Buyers have been out en masse recently for Mead (MEA Quote) call options, as some investors have laid down wagers that better times are ahead for the paper stock.

Volatility Index
Close Today	% Change
19.86	+1.22
Source: ILX

Market participants said that people were showing keen interest in the October 30 out-of-the-money calls Tuesday.

Put/Call Ratio
Close Today	Previous Close
0.45	0.47
Source: ILX

Paul Foster of 1010WallStreet.com in Chicago pointed to the aggressive buying in the October 30 calls, where 1,352 contracts traded. The call-buying took place on a day when Mead's stock took a bit of a hit, falling 13/16 to 26 1/8. A person buying the October call options is basically betting on a sizable upside move in Mead's stock. ...