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Option traders appear to be setting up for a bullish move on ProLogis (PLD). Traders plowed into 1,067 new call option contracts -- 2.81 times the average volume -- on the stock on Thursday. And we know that traders were eager to get into this trade because 95% of the trades came in on the ask price.

ProLogis looks like it formed a bottom in early July and has since formed a higher low in August. The stock closed Thursday at $10.92, down 0.18% during the past month.

Continue reading Option Traders Buying ProLogis Calls and LAN Airlines Puts

Option Traders Buying ProLogis Calls and LAN Airlines Puts originally appeared on BloggingStocks on Thu, 09 Sep 2010 17:30:00 EST. Please see our terms for use of feeds.

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