Market Minute:
Unique information ‘flows’ on active options, volatility spikes, and put/call chatter.
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posted by:Paul Foster on May 31, 2006, 3:12 pm
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Foot Locker FL (news,
chart,
quote) - FL July 25 calls bid up on active volume indicating upside positions
FL is up .50 to $23.93. Women's Wear Daily published a story on 5/19 that private equity firms were looking at FL. FL July 25 calls have traded 32 times on transaction volume of 1,310 contracts above its open interest of 550 contracts. FL July 25 calls are bid .80 cents, above its theoretical value of .69 cents. Above average option volume at price points above theoretical value indicates investors adjusting positions on potential price fluctuations.
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