Activity in the options market indicates some investors are shrugging off Deutsche Bank's...

|By:, SA News Editor

Activity in the options market indicates some investors are shrugging off Deutsche Bank's cautious commentary on Colfax (CFX) which sent the stock tumbling. 2.5K December $60 strike calls were purchased Monday, and volume at the strike was 13 times open interest, a bet that the shares will easily top DB's $54 target by the end of the year. Early in the session, calls outnumbered puts 62-to-1.