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21st Century Fox gets upside bet

Traders are looking for Twenty-First Century Fox to rebound by early next year.

optionMONSTER's Heat Seeker system shows that 2,500 January 29 calls were bought for $1.26 and 2,500 January 25 puts were sold for $1.16. Volume dwarfed open interest of 170 contracts in the calls, indicating that this is a new positioning.

This combination...