@4headtrade's post on eToro.com
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🔔Mid Day Trading Update🔔
📅Friday 1/7/2022📅
🟢Bullish Activity🟢
$CPNG
Trading to the upside after Credit Suisse upgraded the South Korean e-commerce giant to Outperform from Neutral while lowering their price target on the stock to $19.00 from $28.00. Credit Suisse analyst Soyun Shin believes the company has a clearer profitability path and feels the current price offers investors an attractive opportunity amid a “bottom line turnaround”. The January 2023 25.00 call being the highest volume contract.
New 52-week highs: ( $GIS + $0.06 to $75.51)
🟢Notable Calls🟢
$ELAN
Some unusual activity seen which is primarily being driven by a couple of large blocks that traded around the same time on the September 16th 21.00 call:
- A 5000 contract block was bought at the ask price of $1.30
- A 5000 contract block was bought for $1.25 when the bid/ask spread was $0.65 x $1.30 open interest 7.
These blocks are new positions based on the open interest figure and suggests the intent is