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Thursday, May 6, 2010

TXRH

Today's unusual option trading, form whatstrading.com.


TXRH is getting heavy volume in May 15 puts. It already had a decent open interest there.



TXRH looks like it is in the process of building a base, which means that is is unlikely that it will be above 15 when these expire, however, it is also pulling back to a previous breakout point, which could be a trigger for a sharp move up.This reported earlier this week, so there isn't any impending catalyst for a sharp move either way.

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