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Trader buys Sohu.com calls


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A trader made a big bet Friday on Sohu.com ( SOHU ) calls. At 11:05 this morning, 3,000 contracts of the Sept. 40 call crossed the tape, against open interest of 79 contracts. That trade moved high in the bid-ask spread, indicating it was likely initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for SOHU ($33.86 down $0.71) are bearish with a sideways trend. The stock has support about $33.45. Look at the May 27.50/30 bull-put spread for a 30-cent credit. That's a 13.6% return and the stock has to fall by 11.4% 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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