by Houghton and Atkeson 06/20/08
EnerSys (ENS) makes industrial batteries. They might as well as make gold, as the stock is up 50% in the past two months and more than 100% over the past nine months.
Today, market participants have traded 1,500 ENS July 35 Calls (ENSGG), 12 times usual volume. They look to be buying the calls and, with only 43 calls open in that line, one could guess they are opening them, as well.
How much juice is left in their batteries?
Hungry for more opportunities to follow the big-money traders? Start your Big Money Options membership today and get 2-3 trades from Nick and Andrew each week, complete with specific buying instructions, delivered straight to your inbox. Plus you'll get their Weekly Trading Landscape to get you positioned for profits all week long!
