Trading of bullish Madison Square Garden Inc. options surged to a record, one day before LeBron James announces whether he will leave the Cleveland Cavaliers for the New York Knicks or another basketball team.
The CHART OF THE DAY shows that 15,679 call options linked to shares of Madison Square Garden, which owns the venue where the Knicks play, traded today. The most-active contracts were July $22.50 calls as the shares surged 6.4 percent to $21.57.
