Salesforce calls outpace puts 5:1 as shares rally
Salesforce calls outpace puts 5:1 as shares rally. The stock is up $1.50 to $75.48 in active trading of 5.2M shares after Wells Fargo initiated the stock with Outperform. In options action, the largest trade is a 2.5K block of Mar 85 calls for 97c on ISE. 5.6K traded at that strike. Mar 82.5 calls and Jan 13th 76 calls are next most active. Total volume is 26K calls and 5.1K puts. Earnings estimated late-Feb.