Hologic, Inc. (HOLX) manufactures diagnostics products and medical imaging systems. The company’s stock is currently trading around $23.95 in a 52 week range of $18.45-$23.98. The stock has been doing relatively well this year with shares rallying over 7.25% year to date. Options traders are looking for continuation of this trend as orders hitting the tape today have been decidedly bullish. Earlier this morning a trader bought 1,417 HOLX Sep 26 Calls for $0.75. This is a bullish trade with the stock trading above the Ichimoku Cloud, indicating this is most likely a speculative long bet. Stock is also making new 52 week highs today, also decreasing the odds of this trade being a hedge. With a strong technical picture and bullish order flow it seems that HOLX is setting up for a long here.

My Trade: I bought the HOLX Sep 26 Calls for $0.80
Risk: $80 per 1 lot
Reward: Unlimited
Breakeven: $26.75

Andrew Keene


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