Our screener found a large trade in call options on Flex Ltd. ( FLEX ) Wednesday. A single trade of 14,340 contracts of the Jan. 2019 15 call moved at 11:14 this morning against open intrest of 276 contracts. That trade moved at the high end of the bid-ask spread, indicating it was likely initiated from the buy side.
InvestorsKeyhole Trade Alert
IK-> The technicals for FLEX ($13.60 down $0.08) are bearish with a possible trend reversal. The stock has support about $13.00. Look at the June 12/13 bull-put spread for a 20-cent credit. That's a 25.0% return and the stock has to fall by 4.4% to cause a problem. [InvestorsKeyhole, various news and data services]
Originally published on InvestorsObserver.com