Option traders are making a bullish bet on shares of Tronox Ltd. ( TROX ) Thursday. So far, 2,838 contracts of the January 2018 19 call have change hands, against open interest of 405. Today's volume has all been on the highs side of the bid-ask spread, indicating these contracts were opened from the buy side.
InvestorsKeyhole Trade Alert
IK-> The technicals for TROX ($20.28 down $.03) are neutral with a sideways trend. The stock has support about $18.50. Look at the Jan. 16/18 bull-put spread for a 30-cent credit. That's a 17.6% return and the stock has to fall by 11.2% to cause a problem. [InvestorsKeyhole, various news and data services]
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Originally published on InvestorsObserver.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
