Celgene Corporation (CELG) Bulls Busy Amid New High

Celgene Corporation (CELG) call buying has been a trend of late

Digital Content Group
Jan 13, 2015 at 11:45 AM
facebook X logo linkedin

Celgene Corporation (NASDAQ:CELG) call buyers have been active lately at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). During the last 10 days at those exchanges, the stock has tallied a call/put volume ratio of 2.41, with long calls more than doubling long puts. What's more, this ratio ranks in the 65th annual percentile, pointing to a bigger-than-usual bullish bias.

Things are little different today, as calls are crossing at nearly five times the expected intraday rate, amid CELG's record high of $123.50 -- touched moments ago. At last check, the shares are still 5.4% higher at $123.30, as yesterday's better-than-expected fourth-quarter and full-year earnings estimates were met with a pair of price-target hikes overnight at SunTrust Robinson (to $141 from $121) and JMP Securities (to $133 from $117). Both brokerage firms also reiterated their ratings of "buy" and "market outperform," respectively.

Digging deeper, some calls are being bought to open today at the January 2015 120 strike and January 2016 95 strike, which are Celgene Corporation's (NASDAQ:CELG) two most active options. In so doing, the traders expect the equity to extend its run north of the strikes through the respective expiration dates.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI