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Schaeffer's Daily Contrarian: Option Volume Spikes on Alcoa Inc. (AA).

Publication: Business Wire
Publication Date: 24-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CINCINNATI -- Shares of Alcoa Inc. (NYSE: AA) staged an early rally today, as traders reacted to strength in commodities prices. Jumping on the stock's strong open, options traders send more than 19,000 calls across the tape, tripling the equity's average daily call volume of 6,311 contracts. The most...

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