HOLX – Hologic, Inc. – Call options are in high demand on the developer, manufacturer and supplier of medical imaging systems and diagnostic and surgical products today with shares trading 2.5% higher at $14.97 as of 1:05 pm ET. Bullish traders started picking up calls this morning, buying roughly 1,390 lots at the September $15 strike for an average premium of $0.81 apiece. Investors long the calls make money if Hologic’s shares increase another 5.6% to surpass the average breakeven price of $15.81 by September expiration day. Optimism spread to the higher September $16 strike where some 1,500 calls were coveted at an average premium of $0.41 each. Hologic’s shares must surge 9.6% over the current price of $14.97 to surpass the effective breakeven point on the calls at $16.41 by expiration. Finally, nearer-term bullish purchased about 1,000 calls at the August $15 strike at an average premium of $0.24 a-pop. Investors holding these contracts are poised to profit should HOLX shares trade above $15.24 by expiration on Friday.
Affiliation: Interactive Brokers
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.
Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.
Visit: Interactive Brokers