Call buyers bet on Olin Corp.
Olin Corp. (OLN) could reverse it’s recent trend if option traders get their way. So far, 4,002 contracts of the Jan. 28 call have changed hands, against open interest of 22 contracts. Today’s volume has been in the high half of the bid-ask spread, indicating that these new contracts are being opened from the buy side.
Already a member?
Login to see your Unusual Options Activity Trade Idea.
Not yet a member?
You can receive four timely bull-put credit spreads each market day by joining our InvestorsKeyhole Daily Trade Alerts Service. Our analysts scour the news looking for unusual options activity, how insiders are trading, and breaking news, and publish trades accordingly.
Become A Member
About Olin Corporation
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on product type. The chlor alkali products and vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.