Frenzied Options Trading on J.C. Penney After Apple (AAPL) Executive Named CEO

Options Trading Investors Bullish on J.C. Penny (JCP) (Forbes) Earlier this week, reports that Ron Johnson, the head of retail at Apple Inc., was appointed CEO of J.C. Penney Co. sent the retailer's shares skyrocketing while 170,000 options trading contracts exchanged hands. In fact, options trading investors were trading roughly 1.6 call options on JCP [...]

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