Deckers Outdoor Option Traders See More Short-Term Upside
Option bulls are being drawn to Deckers Outdoor Corp. (NASDAQ:DECK) which is defying broad-market headwinds today. In early afternoon action the boot-making behemoth has seen roughly 7 700 calls change hands as of 1:12 p.m. ET -- a 34% mark-up to its average midday call volume and nearly three times the number of DECK puts traded. Digging deeper it appears speculators are establishing new positions at the February 42.50 call which has seen close to 1 100 contracts cross the tape -- mostly at the ask price suggesting they were bought. Plus implied volatility was last seen 7 percentage ...
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