Calls Purchased on Coach Inc. (COH)
July 26, 2010 11:41 AM
Shares of Coach Inc. (NYSE: COH) are higher on the session by 0.91%, currently trading at $37.71. The stock has been trading largely lower over the past three months, though it appears to have found support near $35.00.
Options traders are buying calls on the name today. The August $38 call was purchased 4,000 times, on the offer, on open interest of 6,725 contracts and the August $40 call was purchased 8,000 times, on the offer, on open interest of 9,959 contracts.
Call volume is currently running at 4.28x the daily average.
Coach, Inc. is a marketer of fine accessories and gifts for women and men. The Company offers lifestyle accessories. Coach's handbags and accessories use a range of leathers, fabrics and materials.
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