OptionsHouse

Options Trading News

October 19, 2012  Fri 12:20 PM CT

VMED: SEE CHART GET CHAIN FIND STRATEGIES
The bulls and bears are fighting for control over Virgin Media as the stock eyes new highs.

VMED is down 0.98 percent to $32.50 after hitting $32.95 after the open, just below its 52-week highs. Shares of the U.K.-based cable and media and company bounced hard off support under $22 at the beginning of June and have been running higher ever since.

optionMONSTER's Depth Charge system detected early buying in the December 32 puts, which saw 2,000 contracts trade for $1. But our Heat Seeker program then showed that 5,000 March 37 calls were purchased for $0.50.

The volume at each strike was well above open interest at the beginning of the day, indicating new activity. Overall option volume at all strikes is already 5 times its full-session average, and calls outnumber puts by nearly 2 to 1.

(A version of this post appeared on InsideOptions Pro this morning.)
Share this article with your friends


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

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »