Overstock (OSTK) has risen above our stop-Buy level of $55.00 intraday, and so long as it stays above $55 into the close we are buying it for our Special Situations portfolio. We will be buying the March $60 calls, trading @ $10. A more conservative option trade would be the March $50 calls @ $15.
Part of the stock's 7.5% rise today could be a reaction to CEO's statements that he is considering selling Overstock to re-focus on digital currency ventures. - Financial Times
