Satellite : Bulls stay tuned into Dish

[robby3333]

Bulls stay tuned into Dish Network-10/13/2009
: Fta Files - FTA-GODS.COM http://www.fta-gods.com/forums/showthread.php?t=15116




Dish Network is pulling back for the second straight day, but the bulls are still on board.

optionMONSTER's tracking systems detected the sale of 4,000 October 16 calls for $3.20 against existing open interest of 4,016 contracts. Simultaneously, a new long position was opened in 4,000 November 18 calls for $2.10.

DISH is off a penny to $19.57 this afternoon. The satellite-television stock has rallied 10 percent in the last month but is declining after failing to break through a previous high around $20.

One large option trader apparently expects the pullback to be only temporary. By selling an existing positioning the October calls and buying new November options, he or she rolled forward a bullish position in the name by one month while recovering $1.10 in premium.

Other options activity was also positive on DISH. The November 19 calls traded 2,118 times against open interest of 1,634 contracts. Most of the transactions resulted from purchases for $1.50.
: Fta Files - FTA-GODS.COM http://www.fta-gods.com/forums/showthread.php?t=15116
: Fta Files - FTA-GODS.COM http://www.fta-gods.com/forums/showthread.php?t=15116
: Fta Files - FTA-GODS.COM http://www.fta-gods.com/forums/showthread.php?t=15116

The October 19 calls were also actively traded, though volume was below open interest. Overall options activity in the name was four times greater than average. Calls outnumbered puts by 9 to 1.