Someone is making a bit bet Monday on a rally from PagSeguro Digital ( PAGS ). So far, 7,400 contracts of the Nov. 45 call have changed hands. All of those contracts moved in two trades of 3,700 contracts each, against open interest of 24 contracts. Both of those trades were priced at the high end in the bid-ask spread indicating they were initiated from the buy side.
InvestorsKeyhole Trade Alert
IK-> The technicals for PAGS ($31.70 up $0.90) are neutral with a sideways trend. The stock has support around 29.80. Look at the July 20/25 bull-put spread for a 25-cent credit. That's a 5.3% return and the stock has to fall by 21.1% to cause a problem. [InvestorsKeyhole, various news and data services]
Originally published on InvestorsObserver.com