Calls Purchased on Matrixx Initiatives (MTXX)
December 29, 2010 3:29 PM
Shares of Matrixx Initiatives (NASDAQ: MTXX) are higher on the session by 3.17%, currently trading at $8.47. The stock has been moving largely higher over the past few weeks after rocketing higher in mid-December. It is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. Though action has been primarily in small lots, overall call volume is now running at 14.52x the daily average with 74% of all calls traded being purchases on the offer.
Traders are buying the $7.50 and $10.00 strikes in multiple months.
Matrixx Initiatives, Inc., through its subsidiaries, develops, markets, and sells over-the-counter healthcare products in the United States. The company was formerly known as Gum Tech International, Inc. and changed its name to Matrixx Initiatives, Inc. in June 2002. Matrixx Initiatives, Inc. was founded in 1991 and is based in Scottsdale, Arizona.
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