Unusual Options Activity in International Game Technology PLC (IGT)
Today, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in International Game Technology PLC (IGT), which opened at $22.72.
There were orders sized at 20,000 contracts traded on the $26 strike call option at the ask, dated for November 19th, 2021, representing 2,000,000 shares.
Additionally, there were additional orders, seen below, sized also at 20,000 contracts for the $33 strike call option, for the same date however at the bid bid and for the same date, representing another 2,000,000 shares.
Together, this strategy represented a call debit spread, but as seen, there were additional 15,000 sized orders traded for the dates, but for the $23 strike and $30 strike call options; therefore these significant orders could be calendars or diagonals rolled to new expirations.
These orders come after reports earlier this month that IGT has created a dedicated Digital & Betting business unit, comprising its iGaming and sports betting activities.
Unusual Options Activity in Upstart Holdings, Inc. (UPST)
In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity today in Upstart Holdings, Inc. (UPST), which opened at $328.77.
There were a total of a series of orders sized from 100 contracts to 230 contracts, traded on the $400 strike call option at the ask, dated for October 15th, 2021 and January 21st, 2022, as well as the $330 strike call option at the ask, dated for September 24th, 2021. This series of orders shifted the trend in the premiums traded of the day’s options order flow to 58.37% bullish versus 41.63% bearish.
These orders comes after more enthusiastic reports of the recent IPO, as Upstart provides an artificial-intelligence-powered platform that banks can use to assess customers' credit risk.
Unusual Options Activity in Salesforce.com, Inc. (CRM)
Finally, among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Salesforce.com, Inc. (CRM), which opened at $270.00.
There were a series of 300 contracts traded on the $300 strike call option at the ask, dated for October 29th, 2021, representing approximately 30,000 shares for every order.
These orders come after reports that Salesforce.com Inc. will hold its annual Investor Day, today, at 11:00 AM ET.
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