Option buyers bet on Mobileye
Mobileye ( MBLY ) saw some bullish options activity Monday, as traders snapped up the June 50 call. More than 4,100 contracts traded, against open interest of 940, which indicates that this is a new position being opened.
InvestorsKeyhole Trade Alert
IK-> The technicals for MBLY ($46.40 up $3.15) are bullish with an upward trend. The stock has support about $44.00. Look at the March 37/41 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 11.6% to cause a problem. [InvestorsKeyhole, various news and data services]
Originally published on InvestorsObserver.com