Robert Half International RHI – NYSE trades just 54 call options per day on average. That’s why today’s order of 2,500 RHI May 45 calls made us stand up and take notice.
At nearly 50 times the typical volume and costing $1.90 per contract, this trader outlaid $475,000. To turn a profit, RHI needs to increase 4.4% to the break-even price of $46.90 by expiration.
Perhaps this trader knows earnings — scheduled for later this week — will come in strong for the temp agency. If so, the gains will amount to $250,000 for every dollar RHI adds above $46.90.
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