PFE - Pfizer, Inc. – Shares in Pfizer are among the few stocks in the Dow Jones Industrial Average that are trading higher today, up 0.80% on the session at $29.61 as of midday in New York, amid a down day for U.S. equities. The stock is on the rise after the drug maker announced the reorganization of its commercial operations into three business units. Weekly call options changing hands on the pharmaceutical company today indicate some traders are preparing for shares in the name to extend gains during the next four trading sessions. Upside call buyers looked to the Aug 02 ’13 $29.5 and $30 strike calls, snapping up more than 4,400 calls at the $29.5 strike for an average premium of $0.22 each. The contracts, most of which appear to have been purchased by one trader, make money at expiration in the event that Pfizer’s shares settle above the breakeven price of $29.72. It looks like traders purchased more than 2,800 calls at the Aug 02 ’13 $30 strike at a premium of $0.09 apiece. Buyers of the $30 weekly calls stand read to profit at expiration should shares in Pfizer rise another 1.6% to exceed $30.09.
AEO - American Eagle Outfitters – Options changing hands on teen retailer, American Eagle Outfitters, on Monday morning indicate at least one strategist is positioning for shares in the name to declines in the near term. Shares in AEO are off 0.40% to stand at $19.12 as of 11:55 a.m. ET. The Aug $19 strike put options are the most actively traded contracts as measured by volume on the retailer today, with around 5,600 lots traded versus open interest of 2,732 contracts. Most of the puts appear to have been purchased by one trader this morning for…
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