Active Options Trading in Tyco (TYC)

Posted in Options 
January 7th, 2010

Tyco International Ltd. (NYSE: TYC) has traded 14,000 calls, 14X average volume with 95% offer side buying as a block of 8,500 and 1,850 in the April $39 calls were bought with shares at $36.  Shares have consolidated tightly and look ready to pop higher especially if the $37.50 200 week EMA is taken out.  The massive Swiss machinery firm trade 12X earnings and 7.25X cash value and will report earning son January 28th.  Tyco is likely to benefit from its global presence, especially in Brazil. Data as of 11:50 AM EST.

Joe Kunkle, OptionsHawk.com

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