Bullish option flow detected in CSX with 3,040 calls trading, 3x expected, and implied vol increasing over 1 point to 20.04%. 6/7 weekly 33 calls and Jun-24 32.5 calls are the most active options, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 0.06. Earnings are expected on July 18th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSX:
- North American rail traffic up 1.3% for the week ending April 20
- CSX call volume above normal and directionally bullish
- CSX Announces 2024 Customer Environmental Excellence Award Winners
- Recent CSX weakness offers buying opportunity, says Argus
- CSX price target lowered to $40 from $41 at Raymond James