Whirlpool bulls position for more

By
A A A

One investor is sticking with Whirlpool after a blistering run.

optionMONSTER's Heat Seeker monitoring program detected the purchase of about 3,000 October 75 calls for an average premium of $3.32. Roughly the same number of September 70 calls were sold for about $5, but volume was below open interest at the strike.

It appears the investor closed a previous holding in the Septembers and rolled the position to the higher strike. He or she recovered about $1.68 and their capital and have an additional month to benefit from upside in the shares.

WHR rose 0.27 percent to $74.55 in morning trading, and is up 36 percent since late June. Weakness in Europe have recently hurt earnings at the appliance maker, but management has been raising prices and the U.S housing market continues to improve. There was also bullish activity in the October calls last week.

Overall option volume in the name is 6 times greater than average so far today, with calls outnumbering puts by 16 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.

Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.


This article appears in: Investing , Options

Referenced Stocks: WHR

optionMONSTER

optionMONSTER

More from optionMONSTER:

Related Videos

Stocks

Referenced

67%

Most Active by Volume

91,252,153
  • $13.78 ▼ 4.31%
68,133,496
  • $12.93 ▲ 6.77%
57,268,074
  • $46.13 ▲ 2.47%
43,432,023
  • $105.22 ▲ 0.37%
40,880,685
  • $13.46 ▲ 8.90%
40,712,405
  • $98.62 ▲ 0.82%
39,776,976
  • $16.72 ▲ 0.72%
34,688,871
  • $11.16 ▲ 3.05%
As of 10/24/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com