People's United Financial (PBCT): Intermediate Trend Can Be BullishJune 17, 2010
Yesterday, there was a surge of bullish activity in People's United Financial (PBCT) as buyers snapped up shares and calls in the name. The July 15 calls were the most active strike, doubling in value from $0.25 to $0.50 on volume of 6,495 contracts, while the August 15s traded 4,185 times for $0.35 to $0.65. Premiums climbed more than they should have based on their deltas, which confirm the strong buying pattern. Volume was more than triple the open interest in both strikes. read on...