On Friday, someone rolled out 2,460 June $145 calls ($13.70 credit) into 2,460 Sep $155 calls ($9.50 debit). He/she is taking some profits on the recent 5 week rally, but still thinks APD can rise north of $165 by September options expiration. 5,010 calls traded vs the daily average of just 976 calls.
Shares trade at a of 21.27x (Sep16 estimates) with 12.9% EPS growth, P/S ratio of 3.21x, and a P/B ratio of 4.57x. Revenue is likely to grow in the low single digits this year and accelerate to 6%+ in FY16. Hedge fund manager, Bill Ackman, owns more than 20M shares (nearly a 10% stake) and believes the stock price could be worth more than $200 under the right management.