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Cooper Tire & Rubber CTB (news,
chart,
quote) - CTB March 15 calls bid up on volume as Hedge into 3/1 EPS
CTB, a tire company with 59 manufacturing, sales, distribution, technical and design facilities, will report EPS on the morning of 3/1/07. CTB March 15 calls have traded 36 times on transaction volume of 2,405 contracts, above its open interest of 1,287 contracts. CTB March 15 calls are bid .60 cents, above its theoretical value of .33 cents according to Track Data, suggesting hedges purchased for upside price fluctuations.
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