Markets
FTI

Big bullish bet detected in TechnipFMC

A single trade in TechnipFMC plc ( FTI ) caught our eye today. We noticed that 6,000 contracts of the Jan 2018 31 call traded in a single block a little before 10 this morning. The trade went off at the ask price and open interest at that strike was zero, which indicates to us that this trades a big buy to open.

InvestorsKeyhole Trade Alert

IK-> The technicals for FTI ($27.37 up $0.44) are bearish with a neutral trend. The stock has support about $26.50. Look at the August 23/25 bull-put spread for a 20-cent credit. That's an 11.1% return and the stock has to fall by 8.7% 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


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

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