Big Ben, Big Profits? (BEN)

Shares of Franklin Resources, Inc. BEN are higher on the session by 1.31%, currently trading at $102.42. The stock has been moving largely higher over the past three months and has been consolidating as of late. The stock looks poised to move higher once again. Options traders are betting on upside as well. The September $105.00 call was just purchased 1,000 times, on the offer, for $0.90. Open interest on the strike is only 513 contracts, which signals new positioning on the strike. Call volume is now running at 4.13x the daily average with 95% of all calls traded being purchases on the offer. Franklin Resources, Inc. is an investment management company. The company is a holding company that, together with its various subsidiaries, is referred to as Franklin Templeton Investments, a global investment management organization offering investment choices under the Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby brand names. 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.