Options Give Mixed Signals for CSX Corp. (CSX)

Shares of CSX Corp. CSX are higher on the session by 1.76%, currently trading at $50.18. The stock has been trading largely lower over the past three months and is now testing the 200-day moving average. Options traders are favoring the calls side today with the July $49.00 call traded 7,196 contracts on 1,222 open contracts and the July $50 call traded 5,800 times on open interest of 16,895 contracts. Call volume is running at 2.22x the daily average, but only 45% of all calls traded have been purchases on the offer, which signals that calls have been both closed out, sold, and purchased today. CSX Corporation is a transportation company. The company's rail and intermodal businesses provide rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers. CSX's principal operating company, CSX Transportation, Inc., provides an important link to the transportation supply chain through its approximately 21,000 route mile rail network, which serves major population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec.