KeeneOnMarket

A Trader Makes an $800,000 Bet in OSIS

Long
NASDAQ:OSIS   OSI Systems, Inc.
2
OSI Systems, Inc (OSIS) is a designer and manufacturer of electronic components and parts for the healthcare, aerospace, security and defense industries. The company’s stock is currently trading around $61.85 in a 52 week range of $39.00-$78.50. The stock has under performed the market over the past year with shares gaining only 8.12%. Recent price action has been more bullish however and options action in the name during today’s session indicates that traders believe this trend will continue through July expiration. Early in the session a trader bought 1,421 OSIS Jul 65 Calls for $5.62. This is a very large block to trade in OSIS. This block represents volume over 13 times the average daily option volume in OSIS. With the stock trading above the Ichimoku Cloud and the future cloud sloping higher we believe that order flow this strong is a great signal for a long in OSIS.

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