Trader bets Union Pacific will keep rolling

Friday, February 23, 2018 1:20 PM | Bobby Raines

Unusual Options Activity

Option traders are betting Friday that Union Pacific (UNP) will keep keep moving higher. So far, 2,044 contracts of the March 138 call have changed hands, against open interest of 192 contracts. Today’s prices have all be priced very high, outside of the current bid-ask spread even though the stock hasn’t moved much today, pointing to these trades being initiated from the buy side.

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