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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