Markets

Trader make big bet on Flex Ltd.

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]

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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