Credit: Shutterstock photoTraders are looking Friday United Technologies ( UTX ) to re-take its old highs. So far, 3,137 contracts of the Aug. 140 call have changed hands, against open interest of 423. Most of today's volume was in a trade of 2,303 contracts that moved at 10:47 this morning. That trade, crossed at the high end of the bid-ask spread, indicating it was initiated from the buy side.
InvestorsKeyhole Trade Alert
IK-> The technicals for UTX ($133.03 up $1.78) are bullish with a neutral trend. The stock has support about $129.90. Look at the April 115/120 bull-put spread for a 22-cent credit. That's a 4.6% return and the stock has to fall by 9.8% 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.