Host Hotels Draws Bulls Before Earnings

The bulls are piling into Host Hotels & Resorts ahead of tomorrow’s earnings report.

optionMONSTER’s Heat Seeker monitoring program detected the purchase of almost 12,000 May 22 calls, most of which priced for $0.15. Volume dwarfed the strike’s previous open interest of just 740 contracts, indicating that new positions were established.

These long calls fix the price where investors can buy the hotelier’s stock, letting them play for a rally with minimal risk. That especially makes sense with an event like quarterly results in the morning that could also cause a selloff.

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