Goodyear Tire & Rubber Co. (NYSE: GT) has just seen some very extraordinary options trading today. Normally we might not care, but this is just a day ahead of its quarterly earnings report. We hit seen 25,620 contracts trade in the OCT-2009 $17.50 CALL options. The preceding open interest was only 1,683 and we hit at least 20,000 of those as a buy. That figure looks to be more than every of the open interest of the nearby strike prices combined. As far as how this compares and stands out wildly, the AUGUST-2009 $15.00 CALL options hit traded only 1,510 contracts and that preceding open interest was 2,109. There was only one other CALL that traded actively. That was the JAN-2010 $17.50 CALL, which traded 1,696 contracts versus an open interest of 585 before today.This one azygos extraordinary options trading event is actually far larger than every other PUT and CALL amount activity among every strike prices and every options expiration dates we hit available.
JON C. OGG
JULY 29, 2009
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