The bulls are putting money to work in Monster Worldwide.
optionMONSTER's Heat Seeker system detected the purchase of about 1,900 February 5 calls for $0.25 on Friday. The volume was more than 10 times the previous open interest, which indicates that new money was put to work.
Long calls lock in the price where investors can buy a stock, allowing them to profit from a rally at limited cost. The options can also generate significant leverage if shares move in the right direction. (See our Education section)
MWW was unchanged Friday $4.75 and has been working its way back from an all-time low beneath $3.50 in October. The online job-listing stock has big short interest and trades at less than book value. It's also been consolidating above its 50-day moving average amid an improving employment backdrop.
Total option volume was 9 times greater than average in the session, with calls outnumbering puts by more than 100 to 1.
(A version of this post appeared on InsideOptions Pro on Friday.)
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