by Houghton and Atkeson 06/18/08
Options investors are buying Dick's Sporting Goods (DKS) June 22.50 Calls (DKSFT), which expiring Friday, and DKS July 25 Calls (DKSGE) almost 10,000 times collectively.
This heavy trading comes in the wake of the company's disappointing earnings report issued on June 22, which knocked the stock from about $27 to about $21 where it is today.
Additionally, after the earnings and guidance miss, insiders, including the CEO and a key director, began to buy the stock personally. These developments mark the first insider purchases at the company since its IPO in 2002.
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