CareFusion staged an abortive rally earlier in the month, and
one investor remains a seller.
optionMONSTER's tracking systems detected the sale of 3,050 June 24
calls for $1.05 this morning. Volume is more than 20 times open
interest in the strike.
CFN is up 0.85 percent to $24.87 today but has been stuck around
this level since the market crashed last summer. The
medical-technology company beat earnings and revenue estimates in
its quarterly release on May 3, but management trimmed full-year
guidance. That followed a weak report earlier in the year, which
caused the medical-device stock to gap lower.
By writing calls, the investor apparently believes that upside is
limited and is now obligated to sell the stock for $24. Including
the premium, the exit price would be $25.05. He or she is probably
using the calls to
manage an existing position
in the shares. (See our
Overall option volume is 36 times greater than average so far
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