CNBC Options Action's Mike Khouw spoke on the show about a trade in SunPower Corporation SPWR that caught his attention on Thursday.
He said that the options trading volume in the name was two times higher than the daily average and he noticed that a trader bought a big quantity of the January 29/32 call spreads and paid $1.20 for the set up. This means that he sees the stock at $32 or approximately 10% higher at the January expiration.
SunPower Corporation gained 3.60 percent and it closed at $29.09 on Thursday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in