LCC – US Airways Group, Inc. – Call buyers dominated trading activity in US Airways Group options today with the value of its shares rallying as much as 6.2% at the start of the session to secure an intraday high of $9.55. Shares are currently up 4.00% at $9.35 as of 1:20 pm ET. Trading traffic was heaviest at the November $10 strike where bullish players purchased approximately 20,000 calls at a premium of $0.65 apiece. Call buyers are poised to profit should LCC shares surge 13.9% over the current price of $9.35 to surpass the effective breakeven point at $10.65 by November expiration. US Airways’ shares last traded above $10.65 back on August 4, 2010.
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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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