Angie's List has been grinding sideways, and one investor is milking income from the name.
optionMONSTER's tracking systems detected the sale of 1,500 March 15 calls for $1.30. An equal number of February 15 calls was purchased at the same time for $1.18, but volume was below open interest in the strike. This suggests that an existing short position was rolled from one contract to the other.
ANGI is up 0.19 percent to $16.02. The company, which lets people rate service providers such as doctors and plumbers, went public on Nov. 17 for $13 a share--the high end of its range. The shares popped the first day of trading but have been range-bound since then.
Today's option action was probably the work of an investor who owns the stock and is selling the calls to earn income . The transaction let them collect an incremental $0.12 of premium and kept them in the position for an additional month. (See our Education section)
Overall option volume is quadruple the daily average so far today.
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