Options Trader Betting On GSK Stock Rising Heading Into 2023

Options traders are making big bets on the upside for healthcare, particularly in shares of GSK plc GSK.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said GSK is a very big name with an enterprise value of above $70 billion. The stock traded at 4x the average daily call volume on Monday.

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There was a buyer of 14,000 of the February 38 calls at an average price of $1.25 per contract, Khouw mentioned. The trader is betting that GSK’s stock will rally more than 10% over the next nine-and-a-half weeks.

GSK Price Action: Shares of GSK were trading up by 1.54% at $36.26 at the time of publication on Tuesday.

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