Business Magazine

Large Trade In Air Products & Chemicals Calls

Posted on the 12 March 2014 by Phil's Stock World @philstockworld

A large block of 9,000 of the Jan ’15 $135 strike calls appear to have been purchased just after 10:20 a.m. EDT at a premium of $3.90 per contract. The trade is the single-largest print in APD options today and is sizable in relation to the stock’s total open interest level of 39,216 positions. The trade makes money at expiration if shares in Air Products rally more than 15% over the current level to exceed the effective breakeven price of $138.90. APD trades just 3.0% below an all-time high of $123.60 reached Thursday of last week. 

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