Bet on shares moving 20 percent higher by late January.The January 17th 2020 $280 call options onAmgen (AMGN) saw a 21-fold increase in volume with over 3,100 contracts trading hands. Shares of the company would need to rally about 19 percent from their current price near $234 for this out-of-the-money call to expire with any value. The option buyer paid around $0.10, or just $10 per contract, so it’s a cheap bet on shares moving higher in the next few weeks. Even if shares don’t hit the $280 strike price, a sharp rally could lead to a quick double or triple from current prices. The d...
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