On CNBC's Options Action, Mike Khouw spoke about bullish options activity in NetApp Inc. NTAP. He noticed that the call options volume on Thursday was 18 times higher than the average daily call options volume.
The most active options were the June 40 calls as more than 10,000 contracts were traded for $0.35. The break-even for this trade is at $40.35 or around 13.5 percent higher from the current price. Khouw believes that the stock is trading at a cheap valuation from a historical standpoint.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in