CNBC Stock Blog
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- UAE Central Bank Stands by Banks Amid Dubai Crisis
- UAE Markets Seen Limit Down on Monday Open
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Big US Banks May Be Forced to Raise Capital: Bove
- Tiger Woods Accepts Full Blame for Car Crash
RSS FEED
Text Size 
writer, OptionMonster
Shares of CBS have fallen 16 percent in the last week, but option traders were bullish on the network yesterday.
CBS [CBS
Loading...
()
] was down 5.6 percent, closing at $11.74. A week ago it peaked above $14, putting in a new 52-week high. The stock has put in an impressive from the March low near $3 but still must climb by some 200 percent to get back to the high set in July 2007.
OptionMonster's proprietary tracking systems picked up on the purchase of more than 5,000 of the November 11 calls, almost all of them traded at the same second across various exchanges for $1.15. These calls are in the money and, as such, need CBS only to return to Tuesday's levels or even yesterday's highs to be profitable.
The stock would need to rise at least 3.5 percent by expiration for the calls to turn a profit.
The company is scheduled to release its next earnings report on Nov. 5.
___________________________
CBS Competes With:
Time Warner [TWX
Loading...
()
]
Walt Disney [DIS
Loading...
()
]
GE (Parent company of NBC, CNBC and CNBC.com) [GE
Loading...
()
]
___________________________
Options Trading School:
___________________________
___________________________
Chris McKhann is an analyst and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes