Opening Call Buyer in E*TRADE
E*TRADE Financial Corporation (NASDAQ: ETFC) saw an early call buyer Thursday morning with 10,000 September 8 strike bullish contracts trading on the offers of $0.27 and $0.28.
These contracts would need the stock to climb nearly 10 percent over the next seven weeks to prove profitable. As of writing, this trade accounted for nearly all the E*TRADE contract volume for the day.
This volume represented 4 times E*TRADE's average daily contract volume.
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