KeeneOnMarket

Bullish Activity in IMAX Ahead of Earnings

Long
NYSE:IMAX   Imax Corporation
2
. Early in today’s trading session a trader bought 1,215 IMAX Feb 27 calls for $0.90 and sold 1,215 IMAX Mar 23 puts for $0.20. Volume on the Feb 27 call line has now reached 3,200 contracts and will add to open interest of 1,711 on that line. This also adds to the persistent call buying we have seen over the past week. Although the chart of IMAX is relatively weak we believe that all of this bullish order flow is a signal to get long IMAX. We will remain long through earnings on the 20th.

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