Hologic’s Call Options in High Demand

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.

About Andrew Wilkinson 1023 Articles

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.

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