Calls Purchased on Jarden Corp. (JAH)
July 09, 2010 12:18 PM
Shares of Jarden Corp. (NYSE: JAH) are higher on the session by 1.17%, currently trading at $27.72. The stock has been trading largely lower over the past six months and is currently in a technical downtrend.
Options traders are betting that the stock can rally from here, though, and are buying calls. The October $35.00 call was purchased 1,500 times, on the offer, for $0.30 earlier in the session. Open interest on the strike is 1,842 contracts.
Call volume is now running at 3.60x the daily average.
Jarden Corporation is a global consumer products company. The company is a provider of a range of consumer products. Jarden operates in three business segments: Outdoor Solutions, Consumer Solutions and Branded Consumables.
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