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  • Bullish Call Option Buyers In Valassis Communications Ahead Of Conference 0 comments
    Dec 3, 2012 10:22 PM | about stocks: VCI

    Valassis Communications (VCI) saw a very large pick up in options volume traded today with 1,943 calls traded and only 66 puts traded. The companies Executive Vice President and Chief Financial Officer, will present at the Bank of America Merrill Lynch Leveraged Finance Conference tomorrow at 9:30 AM EST.

    The pick up in option volume is likely the catalyst into this conference. The option volume was focused on call option contracts in the December $30 calls, which traded 711 times mostly at 15 cents per contract. The January $30 calls also traded 628 times with opening contract buyers at 20 cents. The March $30 calls traded 386 times with opening buyers.

    (click to enlarge)Valassis Communications Total Option Volume Traded For December 3, 2012With the calls seeing the focus and buyer of the contracts. This indicates that the buyers of these calls are looking for prices of the underlying to move higher with the March contracts having the most time for the option call contract to profit.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: I would keep an eye on this in the morning and see if more activity picks up to possibly get into a trade on something presented in the conference. However, it is good to note where the largest amount of open interest does exist. This could provide a blueprint of where larger money thinks prices will move.

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