Square Looks To Break Out, Options Traders Front Run A Move

Benzinga2021-06-29

Delano Saporu recommended Square Inc on CNBC’s “Fast Money Final Trades” on Monday morning. Square’s stock reversed course and headed 30% north after creating a double bottom pattern on May 13 and 19 ...

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Comments

TLP
2021-06-29
TLP
Up up up!
- PS153:
  Let's Kaching...
PatSze98
2021-06-29
PatSze98
Good
- PatSze98:
  Good
wptang1
2021-06-29
wptang1
Wow
Jasonc13
2021-06-29
Jasonc13
[看漲]
- Deonc:
  yes, raise.
crtyn
2021-06-29
crtyn
Like and comment, thanks
- 迈向财富自由:
  Ok
rhengheng
2021-06-29
rhengheng
Wow
- SereneGarlic:
  yes

Leave a comment

131

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A sweeper pays the market price for the call or put option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.\nThese types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.\nThe Square Option Trades:Below is a look at the notable options alerts, courtesy ofBenzinga Pro:\n\nAt 12:13 p.m., Monday a trader executed a call sweep near the ask of 429 Square options with a strike price of $260 expiring on Aug. 20. The trade represented a $471,900 bullish bet for which the trader paid $11 per option contract.\nAt 12:13 p.m., a trader executed a call sweep near the ask of 2167 Square options with a strike price of $250 expiring on July 2. 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