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Traders take bullish stance on Hyatt Hotels

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Option traders are buying up calls on Hyatt Hotels ( H ) Wednesday. In particular, the August 60 call is getting a lot of attention. 6,464 contracts have traded so far, on open interest of 46 contracts, indicating that this new activity represents a new positions. Today's volume includes a single lot of 5,400 contract that traded a little after 1 p.m. ET. Most of the day's volume has been on the high side of the bid-ask spread, indicating that many of these new contracts are being purchased.

InvestorsKeyhole Trade Alert

IK-> The technicals for H ($54.77 up $0.24) are neutral with an upward trend. The stock has support about $54.00. Look at the Agu. 40/45 bull-put spread for a 25-cent credit. That's a 5.3% return and the stock has to fall by 17.8% 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.

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