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>> RETAIL Latest News

JUN 25, 2014 - TheStreet

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Last-Minute Call Buying in Chico's

By David Russell of OptionMonsterNEW YORK -- The bulls did some last-minute shopping in Chico's FAS on Tuesday afternoon. OptionMonster's tracking systems detected the purchase of more than 8,000 July 18 calls, with all the volume hitting in the final half-hour of trading. The initial blocks priced for 15 cents, but premiums rose along with the stock and quickly doubled to 35 cents. There was barely any open interest before those trades occurred, which indicates new money was put to work. These long calls lock in the price where investors can buy shares in the retailer, which lets ... Read More

Tags: Last-Minute Call Buying in Chico's,  Retail Latest News