MTZ

🔔Mid Day Trading Update🔔 📅Monday 25/7/2022📅 🟢Bullish Activity🟢 $AN Moving higher this morning after Seaport Research Partners upgraded the automotive retailer to Buy from Neutral. The September 16th 90.00 put being the highest volume contract. New 52-week highs: ( $CNC + $1.07 to $92.01), ( $MCK + $5.56 to $336.00), ( $WWE + $4.38 to $70.60) 🟢Notable Calls🟢 $PBR Some unusual activity seen which is primarily being driven by large blocks that traded out on the January 2023 expiration earlier this morning: - 14.00 call open interest 3197: A 40000 contract block was bought at the ask price of $0.50. - 17.00 call open interest 19794: A 40000 contract block was simultaneously sold for $0.21 when the bid/ask spread was $0.15 x $0.36. Both of these blocks are new positions based on the respective open interest figures. The positioning suggests that the block trader believes that PBR will close above the break-even price of $14.29 at expiration. 🔴Bearish Activity🔴 $NEM Gap