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Option traders make bullish bet on Kimberly-Clark

Traders are looking Monday for Kimberly-Clark Corp. ( KMB ) to rise. So far, 1,595 contracts of the May 115 call have changed hands, against open interest of 939 contracts. Today's volume has predominantly been in the high half of the bid-ask spread, indicating that this is buy-to-open activity.

InvestorsKeyhole Trade Alert

IK-> The technicals for KMB ($113.61 up $1.64) are neutral with a sideways trend. The stock has support about $109.93. Look at the May 95/100 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 12.0% 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.

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