Genentech volume continues strong at 4x adv with a 30,000 contract package trading on the CBOE in which a trader bought 10,000 Feb 90-95 call spreads for $1.20 against a sale of 7500 Feb 65 Puts for 67.5cents and 2500 Feb 70 puts for 1.35. Shares sit near 82.15 and this bullish call spread collar pays off if shares lift through the $95 strike by Feb 20th. Net debit was $356K and the entire trade appears opening.

No user commented on " Genentech Inc (DNA) $82.57 -0.04% "
Follow-up comment rss or Leave a Trackback