Dana Incorporated draws a second day of notable call activity.
Dana Incorporated draws a second day of notable call activity. The stock up 5c to $15.22 and 4.8K Mar 15 calls trade $1.75, 4.8K Mar 15 calls for $1.75, and 12K Mar 20 calls for 21c. The three-way probably rolls long calls down from the 20-strike to the 15s and 16s. Open interest in the Mar 20 calls is 12.2K, the largest in the name, and trade history shows the bulk opened in September and October - including 6.3K on 10/8 with shares near $17.50. In addition, 4K Mar 15 and 5.7K Mar 16 calls opened yesterday and rolled out of Mar 18 and 19 calls. The adjustments express a bullish view for the underlying and come ten days after earnings were reported. The March options capture the next report in February.
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|Date:||Nov 8, 2018|
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