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Dominos Pizza delivers gains to bulls as shares climb

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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