Some investors have rung up some quick winners in United
Technologies, which has been plowing higher for months.
Shortly after the opening bell on Wednesday, optionMONSTER's Heat
Seeker tracking system detected the purchase of almost 4,000 Weekly
87.50 calls in the industrial company. The initial blocks priced
for just $0.54 and had less than three sessions before they
But that proved plenty of time for the calls to work. UTX was
trading at $87.95 when the trades first hit, then pressed higher to
close the session up 0.97 percent at $88.92.
That paled in comparison to the performance of the calls, which
wound up trading as high as $1.35 yesterday afternoon--a gain of
150 percent relative to the initial outlays. The fact these gains
occurred from such a small move in the share price illustrates the
kind of leverage that can be achieved with options.
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