C.H. Robinson Worldwide pulled back to support yesterday, and the bulls piled in.
OptionMonster's trade scanners detected heavy buying in the May 60 calls, with a block of 5,000 contracts purchased for $1.20 shortly after the open. Those options lock in the price where investors can buy shares, so they have the potential to generate significant leverage from even a small move in the stock price.
That's exactly what happened in yesterday's session. The logistics and shipping company pushed higher and those calls ratcheted up in price, fetching as much as $1.76 in the afternoon. That's a gain of more than 40 percent from a low-single digit move in the share price.