Options Flow Summary: UTX
United Technologies Corp (UTX)
Today's interesting activity shows UTX trading at 8 times its average daily options volume. In addition, unusual volume was noted on 7/10 and 7/12. UTX reached an all time high for the fourth straight day while peaking at $76.98.
The flow has been dominated by short-dated call buying. This suggests that traders still feel there is an upside potential for this stock. The second quarter earnings are scheduled to be released before the open on Wednesday, 7/18, soÖtime will tell.
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About Ellen Spiro
Ellen Spiro brings nearly 20 years market experience to her position as Vice President of Sales & Marketing of Trade Alert, LLC. Her background includes Fixed Income Derivatives trading at Deutsche Bank and starting up a similar desk at West Deutsche Landesbank as well as securities industry consulting for Coopers & Lybrand. Her current role puts her in direct contact with many of the largest participants in the equity derivatives field.
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