Options Traders Bet on Air Security
Options traders are betting that stocks of companies that design airport security systems will be able to build off recent gains. Trading activity in OSI Systems and American Science & Engineering has been heavy since Monday, as shares in both companies climbed higher following the failed attempt to bomb a Detroit-bound plane. Today, traders are showing interest in buying bullish call options in OSI Systems, gravitating toward January $30 calls. Priced at 85 cents, up from 10 cents at yesterday’s close, the contracts make money if OSIS rises above $30.85 before Jan. 15. Shares up 12% at $27.99, edging off a 52-week high of $28.49 reached earlier in the day.
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Options Traders Bet on Air Security
