Dominos Pizza delivers gains to bulls as shares climb. Nearly 2k calls have traded in the first half hour of the day, vs 600 puts, as shares trade up nearly $18, or 5.87%, to $323.67 with 30day at-the-money implied volatility up 1.6 points to 24.6%. Much of the flow involves short-term June 300 calls, trading nearly 600 contracts from $20 to $21. Trade history shows similar size bought to open for $8.90 on May 26th when shares were near $301, suggesting profits near $600k on the $450k position.
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Published first on TheFly
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