AbbVie has rallied, and now the bulls are turning to former parent Abbott Laboratories.
optionMONSTER’s Heat Seeker tracking program detected the purchase of about 7,500 December 46 calls yesterday, most of which priced for $0.37. Volume was 20 times the strike’s previous open interest, which indicates that new money was put to work.
Long calls lock in the price where investors can buy shares in the maker of health-care products.
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