Heavy Call Activity on The Goodyear Tire & Rubber Company (GT) Looks for Stock to Rebound

Liberty Interactive (Interactive group) (NASDAQ:LINTA) – A large block of call options in play on Liberty Interactive Corp. this morning looks for shares in the name to rally to fresh multi-year highs by January 2014 expiration. Shares in the operator of QVC, Inc., Evite, Inc. and other digital commerce businesses are up 1.0% at $21.01 as of 12:15 p.m. ET on Monday afternoon. LINTA popped up on our scanners today after more than 10,000 calls traded at the Jan. 2014 $22 strike versus open interest of just 35 contracts. It looks like most of the contracts were purchased at a premium of $1.50 each within the first 30 minutes of the opening bell this morning. The bullish strategy pays off at expiration next year if shares LINTA rally 12% over the current price of $21.01 to surpass the breakeven point at $23.50.

Caitlin Duffy
Equity Options Analyst

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