On CNBC's "Options Action," Tony Zhang said JD.Com Inc JD reports earnings Wednesday morning and the options market is implying a move of 6.8% in either direction. That is the second smallest earnings move for the past eight quarters, said Zhang.
Fifteen minutes before the close on Monday, he saw a very sizable trade of 12,000 contracts of the June $67.50 synthetic stock for $0.69. The trader sold 12,000 contracts of the June $67.50 put for $2.92 and bought 12,000 contracts of the June $67.50 calls for $3.61. The trade has a risk profile of being long 1.2 million shares of JD.Com.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.