Calls Purchased on TJX Ahead of Tomorrow’s Earnings (TJX)

Shares of The TJX Companies TJX are higher on the session by 2.09%, currently trading at $41.75. The low-price retailer has been the darling of hedge funds looking for retail exposure over the past two years. Its earnings release, which is scheduled for tomorrow, before the bell, will be widely critiqued. For the full earnings preview, please visit… http://www.benzinga.com/markets/company-news/earnings/10/08/429994/earnings-preview-the-tjx-companies-tjx Options traders are buying call on the name ahead of its release. The August $42.00 call was purchased over 3,000 times, on the offer, a short while ago; open interest on the strike is only 1,595 contracts. This indicates a large trader placing a large short-term bet on the name. Call volume is now running at 5.51x the daily average. The TJX Companies, Inc. is an off-price apparel and home fashions. The company operates in five business segments: three in the United States and one in each of Canada and Europe. Each of its segments has its own administrative, buying and merchandising organization and distribution network.