Olin Corporation’s Stock Is Buy After Today’s Bullish Options Activity

 Olin Corporation's Stock Is Buy After Today's Bullish Options Activity

In today’s session Olin Corporation (OLN) registered an unusually high (463) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the May, 2017 call, expecting serious OLN increase. With 463 contracts traded and 204 open interest for the May, 17 contract, it seems this is a quite bullish bet. The option with symbol: OLN170519C00022000 closed last at: $2.6 or 26.8% up. About 928,603 shares traded hands. Olin Corporation (NYSE:OLN) has risen 32.60% since April 7, 2016 and is uptrending. It has outperformed by 27.82% the S&P500.

Olin Corporation (NYSE:OLN) Ratings Coverage

Out of 6 analysts covering Olin Corporation (NYSE:OLN), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Olin Corporation has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Olin Corporation (NYSE:OLN) earned “Outperform” rating by Cowen & Co on Friday, July 29. UBS maintained it with “Neutral” rating and $20 target price in Tuesday, November 3 report. On Monday, June 13 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Wednesday, September 7 the stock rating was downgraded by Longbow to “Underperform”. The company was maintained on Friday, July 22 by RBC Capital Markets. The company was upgraded on Thursday, February 4 by Monness Crespi. The stock has “Outperform” rating given by Cowen & Co on Tuesday, June 28. The rating was maintained by RBC Capital Markets on Thursday, February 4 with “Outperform”. The firm has “Positive” rating given on Thursday, August 6 by Susquehanna. Cowen & Co maintained the stock with “Market Perform” rating in Monday, September 21 report.

According to Zacks Investment Research, “Olin Corporation is a manufacturer concentrated in chemicals, metals and ammunition. The chemicals segment is divided into divisions: Chlor-Alkali, Chemicals and Microelectronic Materials. Chlor-alkali includes chlor-alkali products, sodium hydrosulfite and high strength bleach products. Chemicals includes pool chemicals, biocides, hydrazine, polyols, propylene glycols and surfactants and fluids. Microelectronic Materials includes image-forming and electronic interconnect materials and services. The metals and ammunition segment produces copper alloy sheet, strip, rod, wire, and ammunition.”

Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.44, from 1.46 in 2016Q1. The ratio dropped, as 41 funds sold all Olin Corporation shares owned while 83 reduced positions. 42 funds bought stakes while 84 increased positions. They now own 167.03 million shares or 9.36% more from 152.73 million shares in 2016Q1.
Rhumbline Advisers holds 0.02% or 296,472 shares in its portfolio. Foundry Prtnrs Limited Co has invested 0.36% of its portfolio in Olin Corporation (NYSE:OLN). Moore Ltd Partnership accumulated 0.09% or 90,000 shares. Canada Pension Plan Board has invested 0.01% of its portfolio in Olin Corporation (NYSE:OLN). Baupost Group Llc Ma holds 10.74 million shares or 3.62% of its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys last reported 31,787 shares in the company. Vanguard Gru Inc accumulated 12.50 million shares or 0.02% of the stock. Apriem holds 710 shares or 0.01% of its portfolio. Schwab Charles Inv holds 782,988 shares or 0.02% of its portfolio. Bokf Na accumulated 0.01% or 12,639 shares. Smith Asset Mngmt Gp Ltd Partnership last reported 2,280 shares in the company. Fifth Third State Bank accumulated 0.02% or 73,768 shares. Metropolitan Life Ins Ny, a New York-based fund reported 268,971 shares. Spot Trading Limited Company has 7,129 shares for 0% of their US portfolio. Northpointe Cap Lc last reported 505,179 shares in the company.

Insider Transactions: Since August 23, 2016, the stock had 0 buys, and 1 sale for $215,943 net activity. On Tuesday, August 23 MCINTOSH JOHN L sold $215,943 worth of the stock or 10,000 shares.

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The company has a market cap of $3.82 billion. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. It currently has negative earnings. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrogen, bleach products and potassium hydroxide.

OLN Company Profile

Olin Corporation, incorporated on August 13, 1892, is a maker and distributor of chemical products, and ammunition. The Firm operates through three divisions: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment makes and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide. The Epoxy segment produces and sells a range of epoxy materials, including allyl chloride, epichlorohydrin, liquid epoxy resins and downstream products, such as converted epoxy resins and additives. The Winchester segment produces and sells sporting ammunition, reloading components, small caliber military ammunition and components, and industrial cartridges.

More news for Olin Corporation (NYSE:OLN) were recently published by: Prnewswire.com, which released: “Olin Announces Third Quarter 2016 Earnings” on October 31, 2016. Prnewswire.com‘s article titled: “Olin Declares 360th Consecutive Quarterly Dividend” and published on October 27, 2016 is yet another important article.

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