OptionsHouse

Options Trading News

September 21, 2012  Fri 9:16 AM CT

DLPH: SEE CHART GET CHAIN FIND STRATEGIES
Delphi Automotive hit an all-time high this morning before pulling back with a large call sale.

DLPH is now down 0.34 percent to $31.91. The auto-parts manufacturer peaked at $33.34 off the open but fell quickly from there.

A trader sold 10,000 February 35 calls for the bid price of $1.10 in volume that far outstripped the name's total daily average of just 1,600 contracts, according to optionMONSTER's systems. Open interest in this strike was 7,318 at the start of the session, so this is a new position.

The call selling is a bet that DLPH will be below $35 by that February expiration. The options may have been traded against long stock as a covered call position, which would be bullish up to the strike price but not beyond. (See our Education section)
Share this article with your friends


Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: Ron's Risk Calculation--A Real Life Example

It is rare that I get a chance to give a real-life, real-time example in my articles that the readers were not only following but were actually involved in at the time the event is happening. Well, that is where we are right now in our QQQ trade from last week. Let's recap the trade itself.

View more education articles »