December 1, 2012- Bullish investors are looking for a rebound – and an investment opportunity – from national discount retailer, Dollar General (DG).
In fact, as Option Master may have found out, investors believe the rebound has already taken place. That may be why Option Master’s tracking system was able to determine a surge of Call buying throughout the trading day on Friday.
Early action focused on December calls for a stock purchase price of $52.50. Investors paid $0.50 for each Call .Larger blocks of Calls were purchased later in the day for Call prices ranging from $0.60 to $0.80.
Dollar General ended the day up 0.56% and its shares closed at $49.86.
One of the larger block purchases was for 20,000 shares and was bought for $1.50, sure signs that the bulls have their sights set firmly on this company.
The total option value for the day was an almost unbelievable twenty-seven times greater than what takes place for this company on an average trading day.
Calls accounted for a very impressive ninety-six percent of all of the trading activity.
As might be expected, industry analysts will be watching Dollar General and the movement of its stock very closely.