Call buyers look to Sohu

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Tariff threats aren't keeping option traders away from Sohu.com ( SOHU ) Wednesday. A single lot of 2,500 June 35 calls traded at 12:27 this afternoon. Open interest had been 398 contracts. That trade went off at the high end of the bid-ask spread, indicating that these contracts were bought to open.

InvestorsKeyhole Trade Alert

IK-> The technicals for SOHU ($33.34 up $0.35) are bearish with a downward trend. The stock has support about $29.70. Look at the May 25/27.50 bull-put spread for a 25-cent credit. That's an 11.1% return and the stock has to fall by 17.5% 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: SOHU

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