A trader executed the September $50/$55 ratio call spread 5,000/10,000x for a debit $.24, $240,000 total. The trade is bullish with a zone of profit potential from $50.48 to $59.52.
Total risk for the trade is unlimited or going short at $55. Maximum profit potential is $2,260,000 at $55. The above graph shows this.
A strong name in its sector with call volume nearly 2x daily average. Currently below its 200 day EMA with support near $42, but hit highs near $57 after strong earnings a few weeks ago. This is shown in the chart above.
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No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.