Bulls Buying Into Molex (MOLX)

Shares of Molex Inc. MOLX are higher on the session by 1.15%, currently trading at $19.35. The stock has been moving largely Options traders are buying calls on the name today. The September $20.00 call was purchased 1,000 times, on the offer, for $0.20 a short while ago; open interest on the strike is only 284 contracts. This signals new positioning on the name. The November $20.00 call was also purchased, 458 times, on open interest of only 344 contracts. Call volume is running at11.56x the daily average with 76% of all calls traded being purchases on the offer. Molex Incorporated is engaged in the manufacture and sale of electronic components. It designs, manufactures and sells more than 100,000 products, including terminals, connectors, planar cables, cable assemblies, interconnection systems, backplanes, integrated products and mechanical and electronic switches. It also provides manufacturing services to integrate specific components into a customer's products. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.