Long
$CLNY Ascending Triangle, Bullish Options Activity
CCLNY Colony Capital (REIT) - recently broke out of an ascending triangle pattern and above its 200d ema. Expecting a strong move into earnings in early November. Monitor for for close above $3.25 for confirmation of bullish near term move.
$1M Bullish Options Activity Today
Put sale - $800K of $3.00 strike (ITM) March'21 puts sold (20K contracts - 108x open interest)
Call purchase - $200K of $2.50 strike (ITM) March'21 calls purchased
Near term target - $4.00 by mid-November (assumes solid ER)
Note: This is NOT investment advice.
$1M Bullish Options Activity Today
Put sale - $800K of $3.00 strike (ITM) March'21 puts sold (20K contracts - 108x open interest)
Call purchase - $200K of $2.50 strike (ITM) March'21 calls purchased
Near term target - $4.00 by mid-November (assumes solid ER)
Note: This is NOT investment advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.