Interpublic Group of Companies Inc (IPG) $5.26 +0.00%
Interpublic Group of Companies (IPG), a New York-based advertising company, saw increasing options activity Wednesday. Total options volume rose to 4X the usual, with 2,193 calls and 170 puts traded. Shares finished down 15 cents to $5.26 and most of the order flow was in July 7.5 calls. 2,144 traded and open interest increased by 1,725 contracts. In addition, with 100 percent of the volume trading ask-side of the bid-ask spread, it appears that premium buyers were taking positions in anticipation of gains in IPG shares between now and July options expiration. Earnings due out April 28.
Category: All Stocks, Media, Mid Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
