Referenced Stocks

Trade sees more upside on Hain's horizon

By optionMONSTER,  March 27, 2012, 06:22:05 PM EDT

One investor is taking profits in Hain Celestial Group, and looking for more gains.

optionMONSTER's Heat Seeker tracking program detected the purchase of about 2,000 May 50 calls for $0.20. An equal number of May 45 calls was sold at the same time for $1.25, but volume below open interest in the strike.

The investor probably exited a long position in the 45s and rolled it to the higher contract. In the process they collected a credit of $1.05 and remain exposed to further gains in the stock, which is already up 21 percent so far this year.

HAIN fell 0.09 percent to $44.27 yesterday after retreating from a new all-time high. The company's earnings have beaten estimates for at least the last three quarters amid strong demand for its natural foods and teas, which include Health Valley, Earth's Best Organic and Celestial Seasonings.

Overall options volume in the name was 36 times greater than average yesterday, with calls outnumbering puts by more than 160 to 1.




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


This article appears in: Investing, Options

Referenced Stocks: HAIN



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