$SPG Long Term Bullish
SPG Oversold at Support - Bullish Options ActivityFalling wedge into uptrend lower channel support line - expecting a break of the wedge to the upside near term.
Medium Term Target: $95.00 by mid-Sept
Bullish Options Activity Today:
1,100 $130.00 strike (deep out-of-the-money) Jan'2022 (18 months from exp) calls traded today for a premium outlay of ~500K
With Friday's closing price of 60.57...this stock would have to more than double from here for these calls to finish ITM. This options trade is a big bet on a post-COVID retail/malls recovery.
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