Transports have been amazing all year, and yesterday traders hit the road with Con-Way.
OptionMonster's tracking systems detected the purchase of some 3,400 June 37.50 calls, with most of the large blocks priced for $0.95 to $1.15. This is fresh buying, as open interest in the strike was just 113 contracts before the session began.
These calls lock in the price where shares can be purchased in the Michigan-based trucking company. That produces inexpensive exposure to a continued rally while limiting the amount of capital at risk should they drop.