Options Brief: Total System Services (TSS)

TSS – Total System Services, Inc. – Optimistic options investors are positioning for a rebound in Total System Services’ shares by October expiration. TSS shares edged slightly lower in afternoon trading, falling 0.4% to $14.10, with just over 30 minutes to go before the closing bell. Traders expecting shares of the provider of electronic payment processing services to reverse course and head higher in the next couple of months purchased approximately 1,800 calls at the October $15 strike for an average premium of $0.29 per contract. Call buyers at this strike stand ready to make money should TSS shares surge 8.4% over the current price of $14.10 to surpass the average breakeven point to the upside at $15.29 by expiration day in October.

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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