Unusual Options Activity: Traders Bet Box, Inc. (BOX) Will Continue to Trade in its Current Range

Traders are betting Thursday that Box, Inc. (BOX) hold continue to trade in its current range over the next month. The stock has traded sideways over the last four months, in a range between $16 and $18, and options traders expect more of the same over the next month. So far today, 5,508 contracts of the February 16 call have changed hands, against open interest of just 738 contracts.