Lear is near its highs of the year, and the bulls are looking for more upside.
OptionMonster's tracking systems detected the purchase of about 3,300 March 50 calls for $1.05 to $1.25 yesterday. The volume was more than 23 times the strike's open interest at the beginning of the day, indicating that these are new positions.
Calls lock in the price investors must pay to buy shares. These options, which are relatively inexpensive, can generate nice leverage in the event of a rally but also stand to lose money if the stock doesn't move.