A Trader Makes a $634,500 Bullish Bet in AOL Inc, (AOL)

AOL Inc, (AOL) is a global content and site management company with many different offerings and a worldwide audience. The company’s stock is currently trading around $45.20 in a 52 week range of $32.19-$53.28. The stock has been underperforming the market this year with shares falling around 3.2% year to date. Despite this weakness options traders are painting the tape with some very bullish orders in today’s trading session. Earlier this morning a trader bought 4,700 AOL May 50 Calls for $1.35. This is a very bullish trade that requires this trader to invest $634,500 in capital. Over 5,300 co0ntracts have now traded on that line along with opening activity on the 49 and 48 lines as well. Although shares of AOL are trading below the Ichimoku Cloud they are making a strong move higher today and with bullish unusual options activity hitting the tape we believe that AOL could set up well for a long position.