MWW – Monster Worldwide, Inc. – Bullish call buying dominated trading in Monster Worldwide options today with shares of the underlying stock increasing 2.45% to $11.82 by 3:35 pm (ET). Investors placed bullish trades on the global provider of online employment solutions right out of the gate this morning as MWW shares increased as much as 4.4% to touch an intraday high of $12.05 at the start of the trading session. With less than 30 minutes remaining before the closing bell, options traders have purchased approximately 5,700 calls at the July $12.5 strike for an average premium of $0.15 apiece. Investors long the calls make money if shares rally 7.00% from the current price of $11.82 to trade above the average breakeven price of $12.65 by expiration next Friday. Optimists also purchased another 2,500 calls at the August $12.5 strike for an average premium of $0.60 a-pop. Monster’s shares must surpass the average breakeven price of $13.10 in order for August $12.5 strike call buyers to accrue profits by August expiration day.
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Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.
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