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]
Originally published on InvestorsObserver.com