March 19, 2013
Thomson Reuters Corp (TRI)
ACTIONS: Sell to close the TRI July 30 calls for $2.40 or more
Dear Fellow Big Money Options Traders,
On January 16, we opened a position in TRI July 30 Calls for $1.60. On March 15, the stock spiked higher on no news. Our option position jumped by 50% plus. While the options flow has not been unusual over the past 10 days, the bulk of the flow has been modestly bearish with some closing of call positions.
Given the sudden advance in the stock and appreciation in our options position, we recommend booking the profits and waiting for the next strong trading signal.
Have a good week trading.
Nick Atkeson and Andrew Houghton
Big Money Options