." "The most active contracts were the 250-calls that expire at the end of this week, Aug. 28. One buyer paid $2 for 700 contracts on a total of about 3,000 that traded."
Those contracts break even at a stock price of $252, about 1.5% higher from where Amgen closed Tuesday's session. That would be a sizable move into the end of the week, but if Amgen did break above that level, executing these contracts would allow the buyer to own — and profit on — any further upside that could come after the stocks officially join the Dow on Monday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: