Markets

Option buyers bet on Mobileye

Mobileye ( MBLY ) saw some bullish options activity Monday, as traders snapped up the June 50 call. More than 4,100 contracts traded, against open interest of 940, which indicates that this is a new position being opened.

InvestorsKeyhole Trade Alert

IK-> The technicals for MBLY ($46.40 up $3.15) are bullish with an upward trend. The stock has support about $44.00. Look at the March 37/41 bull-put spread for a 20-cent credit. That's a 4.2% return and the stock has to fall by 11.6% 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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