Schaeffer's Option Blog: Options Traders Scoop Up Calls on Honeywell International (HON)

2009-06-26 17:32:04 -

Honeywell International (NYSE: HON) has seen a jump in the number of options being traded. On Thursday, nearly 33,000 contracts crossed the tape, which is more than three times the stock's average daily trading volume of 9,347 contracts, according to data from WhatsTrading.com. More than half of the volume traded on the call side.

The most active option in the front three months of options was the August 31 call, which added more than 3,000 new positions yesterday.

Open interest for this back-month option now stands at 3,418 contracts.
At 10:35 a.m. Eastern time, the options saw three large blocks totaling 2,788 contracts trade at an ask price of $2.10, indicating that they were most likely purchased.

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Schaeffer's Investment ResearchJocelynn Drake, 513-589-3800 jdrake@sir-inc.com : mailto:jdrake@sir-inc.com