Canadian National Railway Co T.CNR

The dreaded 'double top'

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10/16/20 and 01/11/21. Call options I see a large OI at 145 strike monthly expiring on Fri, and also a large OI at $150 strike for Feb monthly expiry. I believe both these positions were opened back around the time of the Oct. highs (the latter was a rollover as I recall).

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Today 1000 of the Feb $150 strike traded. It'll be interesting to see if OI of ~1700 goes up or the trader closed out part of their open position. 

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I just checked that Feb expiry and OI went up to ~2700. In other news, it appears that Asia-NA maritime container traffic may not dip much this Chinese new year (last two weeks of Feb). That would mean strong intermodal traffic for railroaders in Q1 following a strong Q4. Q4 carload traffic looks roughly inline with 2019. Overall bullish. So how much of this is already priced in? CSX reports Jan