On CNBC's "Options Action," Dan Nathan spoke about Costco Wholesale Corporation COST. The company is scheduled to report earnings on Thursday after the market closes and the options market is implying a move of 5% in either direction, which is basically the average move over the last four quarters.
See Also: Costco Wholesale's Q4 Earnings Preview
Nathan said there was a lot of volume in the short-dated calls on Wednesday. It seems that traders were looking for a continuation of the uptrend as calls outnumbered puts two to one.
Costco traded around $286.75 per share at time of publication.
Photo credit: Tony Webster, via Wikimedia Commons
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