Business & Finance
Business and Finance
Business and Finance
Fri, February 20, 2009
Thu, February 19, 2009 Schaeffer's Sentiment Snapshot: Vornado Realty Trust (VNO)
CINCINNATI--([ BUSINESS WIRE ])--New York-based Vornado Realty Trust (NYSE: VNO) was the focus of optimistic options traders yesterday, as a flock of investors placed their bets in the wake of President Obama's plan to stabilize the housing market. As the commander in chief divulged the details of the $75 billion proposal, the integrated real estate investment trust (REIT) saw nearly 14,000 calls cross the tape, more than tripling its average daily volume of fewer than 4,000 contracts.
The security's March 55 call was the most popular bullish bet yesterday, with almost 13,000 contracts changing hands. This out-of-the-money strike is home to peak call open interest in the soon-to-be front-month series, with roughly 4,900 contracts in residence. The 55 strike is also prominent in the February series of options – which expires tomorrow – boasting open interest of more than 12,000 calls.
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