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Trader gives Moody's a bullish rating
July 29, 2010 Thu 12:15 PM CT

Moody's popped on a strong earnings report today, and one bull is placing a cheap bet on further gains.

optionMONSTER's Heat Seeker tracking system detected the purchase of about 3,000 September 26 calls for $0.33 and the sale of a matching number of September 20 puts for $0.25. The trade resulted in a net cost of about $0.08, and overall option volume in the credit-rating agency...


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