Options Trader Betting On GSK Stock Rising Heading Into 2023

Options traders are making big bets on the upside for healthcare, particularly in shares of GSK plc (NYSE:GSK).

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said GSK is a very big name with an enterprise value of above $70 billion. The stock traded at 4x the average daily call volume on Monday.

Don’t forget to check out our premarket coverage here.

There was a buyer of 14,000 of the February 38 calls at an average price of $1.25 per contract, Khouw mentioned. The trader is betting that GSK’s stock will rally more than 10% over the next nine-and-a-half weeks.

GSK Price Action: Shares of GSK were trading up by 1.54% at $36.26 at the time of publication on Tuesday.

Now Check Out: Most Oversold Stocks In Consumer Staples Sector: Herbalife, United Natural Foods And More