Call buyers make big move into Mattel

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Toy maker Mattel ( MAT ) is getting a lot of attention from option traders Friday.More than 41,000 contracts of the March 30 call have been traded today, against previous open interest of 161. Much of the activity has been at the ask, indicating fresh buying.

InvestorsKeyhole Trade Alert

IK-> The technicals for MAT ($25.99 up $0.31) are bearish with a sideways trend. The stock has support about $25.60. Look at the April 20/23 bull-put spread for a 20-cent credit. That's a 7.1% return and the stock has to fall by 11.5% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Options

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