After a brief falling out with investors and analysts alike, it appears smart-phone maker Research In Motion Ltd. is set to soar based on call options, which suggest a 31% upside in five weeks…
Bullish contracts on Research In Motion Ltd. shares are twice the level of bearish ones, the highest ratio since March 2006, according to Bloomberg.
The last time these call options outnumbered puts by that amount, the stock quadrupled in 19 months.
Traders are betting that RIM shares will rise 31% in five weeks via contracts to acquire the stock for US$80 through Jan. 15.
RIM hasn’t closed above that level since September.
RIM, 1-year price and volume chart
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