Square Inc (NYSE:SQ) shares were trading higher by $1.21 (4 percent) at $25.16 in Tuesday's session.
There is no specific news out on the stock to account for the rally. However, over the last two days there has been heavy call buying in various strikes and expiration dates.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
After a flat open, Square immediately found support just under Monday's close ($24.94) reaching $23.81 before turning higher. It has gone on to surpass its former all-time high that was made on June 9 at $24.97, so far reaching $25.34 and is attempting to remain in the $25.00 handle.
In order to post a new all-time closing high, it must end the session above its June 8 close of $24.78.