Market Overview

Calls Purchased on NorthStar Realty Finance (NRF)

Shares of NorthStar Realty Finance Corp. (NYSE: NRF) are lower on the session by 2.03%, currently trading at $4.34. The stock has been moving largely higher over the past four months, trending higher above the 50-day and 200-day moving averages. Shares are seeing some resistance at $4.50.

Options traders are buying calls on the name today. A short while ago the December $5.00 call was purchased 1,000 times, on the offer, on open interest of 2,600 contracts.

Overall call volume is now running at 9.08x the daily average with 65% of all calls traded being purchases on the offer.

NorthStar Realty Finance Corp. is a real estate finance company, which focuses primarily on originating, investing in and managing commercial real estate debt, commercial real estate securities and net lease properties. The company has invested in the areas of commercial real estate finance, which provides leverage to its real estate investment, utilize its capital markets knowledge, and capitalize on its ability to employ financing structures.

Posted-In: Long Ideas Technicals Options Trading Ideas

 

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