Cintas hasn't traded over $30 this year, but some bulls are looking for the uniform company to rally past that level in the next two weeks.
show that traders bought up the May 30 calls throughout yesterday's session, driving the premiums from $0.10 to as high as $0.25. By the time the market closed, the calls had traded 5,363 times against open interest of just 825 contracts. Overall options volume in the name was 24 times its average daily total.
CTAS rose 5.32 percent to $26.90 but is down about 6 percent in the last month. Although this is normally a very slow-moving stock, traders seem to be expecting a decent move because it needs to climb at least 12 percent by expiration for the calls to turn a profit.
They might be turning bullish after last week's strong non-farm payrolls for April, which could suggest more business for the company. Cintas is a major supplier of employee uniforms to hotels, restaurants, and factories, plus items such as entrance mats and first-aid kits. Any pickup in hiring is good news for them.
The company already seems to be doing something right, having beat analysts' forecasts on the revenue and profit lines the last time it reported earnings on March 18.
Calls outnumbered puts by 41 to 1 yesterday, reflecting the bullish sentiment.
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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of .