The bulls are targeting Wyndham Worldwide.
optionMONSTER's market scanner shows that 3,000 April 80 calls were purchased for $1.00. Volume was more than 58 times open interest at the strike, which indicates new money was put to work.
Calls fix the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. (See our Education section.) Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction.
WYN rose 0.57 percent to $76.04 on Friday and is up 21 percent in the last month. The last quarterly report on Feb. 9 was bullish. The next quarterly report is estimated for pre-market hours on April 26.
Overall option volume was 3 times greater than average. Calls outnumbered puts by a bullish 40-to-1 ratio.
More From optionMONSTER