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Call-Buyers Are Betting on Strong Earnings From SunEdison

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By Mike Yamamoto of OptionMonster

NEW YORK -- Option traders are looking for strong numbers when SunEdison SUNE reports earnings next week.

OptionMonster's Heat Seeker tracking system detected heavy buying in the Weekly 21 calls that expire on Nov. 7, the day after the company announces quarterly results. About 7,500 of those calls traded for 45 cents to 71 cents on Tuesday in volume that dwarfed the previous open interest of 352 contracts, showing that these are new positions. The activity was cited by OptionMonster co-founder Pete Najarian on CNBC's "Halftime Report" on...


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