Friday, September 18, 2009

CQB Call Volume Spikes

Chiquita Brands International, Inc. (CQB) distributes and markets fresh produce. CQB triggered my unusual options volume alert today when over 10,000 of the $17.50 October calls traded (versus open interest of 2,613). Crimson Mind later reported that the contracts had traded in a block of 10k at the ask of 35 cents. Less than 250 CQB puts traded today. The underlying stock closed at $15.52 (down $0.01).

Trading History: September 18th, bought CQB for $15.64
Current Position: Long CQB ($15.64)

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