Elevated Call Option Trading in Johnson Controls (JCI)

Posted in Options 
August 5th, 2009

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

-JOE KUNKLE, OptionsHawk.com

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