Forex | Forex | Put sellers endorse AFLAC rally (31/07/2009 06:41:35)

Put sellers endorse AFLAC rally

AFL – AFLAC, Inc. – The world’s largest seller of supplemental health insurance reported that second-quarter profits fell 35% on “larger-than-usual realized investment losses”. Despite the decline in earnings, options activity on the stock today revealed bullish sentiment by investors amid a more than 8% rally in shares to $38.34. Traders hoping for further upward momentum purchased 1,200 calls at the September 40 strike price for an average premium of 1.37 apiece. Call-buyers will profit if


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