The pre earnings rig in options was put in yesterday. Upgrades and media plants to follow
The kickoff of the pump started with the board members putting in their positions in the low 40's The quarterly options rig follows:
optionMONSTER's Heat Seeker tracking program detected strong buying in the August 50 calls yesterday for $1.26 to $1.86. More than 4,500 traded in volume well above the previous open interest of 2,944 contracts, indicating that new positions were initiated."
The options always kick the computer algos into buying. Lets see if the suckers bid this up, because right now the only one doing the buying seems to be the stock buy back program. Remember, CNBC told you to buy.