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April 9, 2014  Wed 10:30 AM CT

CNMD: SEE CHART GET CHAIN FIND STRATEGIES
Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.

Conmed (CNMD): An investor bought 2,000 August 45 calls for $2.30 and sold an equal number of August 50 calls for $0.70. Known as a bullish call spread, the trade cost $1.60 and will inflate to $5 if the medical-device maker closes at $50 or higher on expiration. CNMD rose 0.21 percent to $43.35.

St. Jude Medical (STJ): Some 2,000 May 65 calls were bought, mostly for $0.60 to $0.75, as investors look for upside in the share price. STJ fell 0.13 percent to $62.85.

iShares MSCI Japan fund (EWJ): An investor bought 250,000 June 11 calls for $0.39 and sold 250,000 June 12 calls for $0.07. The call spread will triple his or her money on a move to $12 by expiration. EWJ rose 0.55 percent to $11.06.
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Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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