Textron Seeing Bullish Options Flow (TXT)

Shares of Textron Inc. TXT are higher on the session by 1.82%, currently trading at $21.82. The stock has been moving largely higher over the past four months after bouncing off of the $15.88 level. Shares have recently broken out and have a short-term price target of $24.20. Options traders are coming after calls on TXT today. Within the first hour of Trading, over 12,000 calls have trade versus only 298 puts. Overall call volume is currently running over 4.5x the daily average volume with 60% of all calls traded being purchases on the offer. The $22.00 and $23.00 strike calls are active in November, seeing volume over 2,500 and 4,900 contracts, respectively. The December $23.00 and $24.00 strikes are also seeing action, trading 1,400 times each. Textron Inc. is a multi-industry company with a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It conducts its business through five operating segments: Cessna, Bell, Textron Systems and Industrial, which represents its manufacturing businesses, and Finance, which represents its finance business.