Markets

Traders buy Yandex calls

Call options on Yandex ( YNDX ) are moving at a rapid clip Wednesday. In particular, 7,456 contracts of the Aug. 34 call have changed hands against open interest of 96. Pricing has generally been in the high half of the spread, indicating these contracts are being initiated from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for YNDX ($32.44 down $1.10) are bearish with a downward trend. The stock has support about $31. Look at the May 28/29.50 bull-put spread for a 20-cent credit. That's an 15.4% return and the stock has to fall by 9.1% 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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