Wednesday, August 5, 2009

Elevated Call Option Trading in Johnson Controls (JCI)

Johnson Controls Inc. (NYSE: JCI)  August $30 calls trading 7,000 contracts against open welfare of 817 and implied irresolution is on the uprise to 47% from around 40%.  JCI was awarded a super contract for car batteries today, and the auto part bourgeois is seeing a boost in production with rising auto sales.  A some super lots have traded but the action has been continuous all day daylong with the majority of the activity offer-side bullish buying, expecting shares to uprise more than 13% in the next two weeks.

-JOE KUNKLE, OptionsHawk.com


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