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Call buyers go big on Nexstar


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Our screener highlighted a couple of trades on Nexstar Media Group ( NXST ) Monday. So far, 15,000 contracts of the Jan. 2019 75 call have changed hands, against no open interest. All of today's volume was in two trades, both of which were prices high in the spread, indicating they were initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for NXST ($64.20 up $1.85) are bearish with a downward trend. The stock has support about $62.35 Look at the May 55/60 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 6.5% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com



This article appears in: Investing , Options
Referenced Symbols: NXST



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