Options Flow Summary: UTX & ZMH
United Technologies Corp (UTX)
With the Dow hitting record highs of over 14,000 today, UTX is supporting the market yet again. The stock is up over another $1 and the volume is 7 times its usual daily average. The flow is dominated once again by call buying.
The second quarter earnings are to be released before the open tomorrow. Hopefully it will be reporting better than expected results.
Zimmer Holdings Inc (ZMH)
Rumors of private equity takeover bids have created some excitement in ZMH today. 21,000 contracts have traded, which is 19 times its average daily option volume.
There was unusual activity in ZMH noted on 7/13 and 7/16 as well, with the majority of options flow attributed to upside call buying.
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About Ellen Spiro
Ellen Spiro brings nearly 20 years market experience to her position as Vice President of Sales & Marketing of Trade Alert, LLC. Her background includes Fixed Income Derivatives trading at Deutsche Bank and starting up a similar desk at West Deutsche Landesbank as well as securities industry consulting for Coopers & Lybrand. Her current role puts her in direct contact with many of the largest participants in the equity derivatives field.
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