Call Spread Purchased on LG Display (LPL)

Shares of LG Display Co.

are currently lower on the session by 4.90%, currently trading at $16.11. The stock has been trading largely lower over the past three months and is currently in a technical downtrend. Options traders are betting that the stock can rally from here. The August $15/20 call spread was purchased 500 times earlier in the session for $1.45. There was no open interest on either strike. Max gain on this trade is $3.55 or 244%. Call volume is now running at 3.70x the daily average. LG Display Co., Ltd. is a Korea-based company engaged in the manufacture of thin-film transistor liquid crystal display in a range of sizes and specifications primarily for use in televisions, notebook computers and desktop monitors. It is also a supplier of high-definition television panels.