Traders Betting On a Pop in Wyndham Worldwide (WYN)
September 27, 2010 10:50 AM
Shares of Wyndham Worldwide Corporation (NYSE: WYN) are higher on the session by 0.25%, currently trading at $27.79. The stock has been moving largely higher over the past three months, off of a recent low near $20.00.
Options traders are betting that shares can pop above $30.00 in the next few weeks. A short while ago the October $30.00 call was purchased 2,500 times, on the offer, on open interest of 253 contracts.
Overall call volume is now running at 3.55x the daily average with 75% of all calls traded being purchases on the offer.
Wyndham Worldwide Corporation is a hospitality company, which offers individual consumers and business customers a range of hospitality products and services across various accommodation alternatives and price ranges through its portfolio of brands. The company operates in three segments: Lodging, Vacation Exchange and Rentals and Vacation Ownership.
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