Skip navigation

CNBC Stock Blog

RSS FEED

» Help

Current DateTime: 12:50:01 30 Nov 2009
LinksList Documentid: 30328029
Options Bullish Ahead of Liberty Media Earnings
Published: Friday, 7 Aug 2009 | 7:53 AM ET
Text Size
By: Mike Yamamoto
Managing Editor, OptionMonster

Liberty Media was up more than 5 percent yesterday with bullish options activity ahead of its earnings results today.

The options trading was heaviest at the August 7.50 strike, where 7,513 calls changed hands against open interest of just 199 contracts. The calls traded in a strong buying pattern mostly for $0.50 to $0.70, according to OptionMonster's real-time tracking systems.

Buying was also active in the September 7.50 calls, where 2,229 contracts traded for $0.70 to $0.85 at more than double the open interest. Calls at all strikes outnumbered puts by 14 to 1, indicating an overall bullish sentiment in the television and online media company.

Liberty Media [LINTA  Loading...      ()   ] closed yesterday up 5.1 percent to $7.42, continuing to build on gains of some 60 percent in just the last month. The stock would need to rise at least another 8 percent to turn a profit for the August calls purchased yesterday and more than 10.5 percent for the September contracts.

___________________________
Options Trading School:

___________________________

Liberty Media Competes With:

1-800-Flowers.com [FLWS  Loading...      ()   ]

HSN  [HSNI  Loading...      ()   ]

ValueVision Media [VVTV  Loading...      ()   ]

___________________________

___________________________

Mike Yamamoto is an analyst and writer for OptionMonster.

___________________________

Disclaimer

© 2009 CNBC.com
Add This share icon
Text Size
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 12:26:42 30 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 11:44:56 30 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 12:34:59 30 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 11:23:57 30 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters