Market Overview

Mark Sebastian's Grubhub Options Trade

Share:

Mark Sebastian, the founder of Option Pit, spoke on Bloomberg Markets about an options trading idea in GrubHub Inc (NYSE: GRUB).

Analysts: Amazon's Exit From Restaurant Delivery Implies Less Competition For Grubhub

He is bullish on the stock because Amazon.com, Inc. (NASDAQ: AMZN) announced it's leaving the food delivery business. He wants to use options to make a bullish bet. Specifically, he wants to buy the July 70/80 call spread for $2.80. The trade breaks even at $72.80 and if the stock jumps to $80 or higher, the trade is going to reach its maximal profit of $7.20.

Posted-In: Bloomberg Markets Mark SebastianLong Ideas Options Markets Media Trading Ideas

 

Related Articles (AMZN + GRUB)

View Comments and Join the Discussion!

Mike Khouw Sees Unusual Options Activity In United Technologies

This Day In Market History: S&P 500 Quotes Delivered Every 15 Seconds