| Dupont calls look for rally by April | |
| | |
|
A large trade is looking for a big rally in Dupont by next spring.
optionMONSTER's Heat Seeker system shows that 5,555 April 60 calls were bought in one print for $0.68. This is clearly a new purchase, as open interest in the strike was just 45 contracts before the trade occurred.
These long calls lock in the price where the stock can be purchased through mid-April no matter how far it might climb. They could be sold earlier at a profit if premiums rise with a rally before then, providing potentially significant leverage, but the contracts will expire worthless if shares remain below $60. (See our Education section)
DD fell 1.55 percent to $48.84 yesterday and is down about 25 percent in the last three months. The chemical company has been trending steadily lower since breaking through support at the $66 level in mid-July.
Overall option volume in the name was 50 percent higher than its daily average for the last month. Total calls outpaced puts by more than 2 to 1.
More From optionMONSTER
|
|
|
du Pont de Nemours and Co
|
|
|
CODE : DUPP.PA |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
du Pont de Nemours is based in United states of america. du Pont de Nemours is listed in France. Its market capitalisation is €UR 49.7 billions as of today (US$ 55.5 billions, € 49.6 billions). Its stock quote reached its lowest recent point on March 06, 2009 at €UR 10.03, and its highest recent level on March 20, 2015 at €UR 72.47. du Pont de Nemours has 876 409 984 shares outstanding. |