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Bonawyn Eison Sees Unusual Options Activity In Skillz

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Bonawyn Eison Sees Unusual Options Activity In Skillz

On CNBC's "Options Action," Bonawyn Eison said that Skillz Inc (NYSE: SKLZ) has all the makings of a Reddit trade, with volumes five times what we typically see.

See Also: Skillz Makes A Bullish Breakaway And Options Traders Think There's More Where That Came From

Calls outpaced puts two to one on Thursday in Skillz and most of those options were the April 23 expiration, $20 strike calls. Around 15,000 contracts were traded for 20 cents, which sets the breakeven for the trade at $20.20 or around 22% above the closing price on Thursday.

Related content: Benzinga's Full Unusual Options Calendar

 

Related Articles (SKLZ)

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Posted-In: Bonawyn Eison CNBC Options ActionOptions Markets Media

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