Traders look for liftoff from United Technologies
Traders 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]
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Originally published on InvestorsObserver.com