Unusual Calls Bought in Copper Play
Encore Wire (WIRE) unusual 375 April $250 calls bought $3.60 to $4, cheap name trading 12.5X Earnings and 12.3X FCF with a high 22% short float and debt-free balance sheet, maker of copper wires/cables seems to be moving with Copper as DA Davidson raised target to $295 in February on record unit volume growth and noted higher copper prices would add torque to the model