Calls Purchased in Landstar (LSTR)
May 18, 2010 10:55 AM
Shares of Landstar System Inc. (NASDAQ: LSTR) are higher on the session by 2.17%, currently trading $45.72. The stock’s chart looks very bullish with LSTR approaching the 52-week high level of $46.23. It looks like the stock will break out.
Options traders are buying calls today as well with the May $45 call purchased on the offer over 2,100 times. Open interest on that strike is only 1,447 contracts, which signals new, bullish positioning.
This is an odd trade given that these options expire at the end of the week.
Landstar System, Inc. is a provider of freight transportation services and supply chain solutions. The Company offers shippers services across multiple transportation modes.
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