Notable call flow in Academy Sports and Outdoors reflects bullish bias. Shares of the retailer trading up $2 or 3.92%, this morning near $53.00 with calls leading puts 8 to 1and 30day at-the-money implied volatility up 1.4 points to 35.5%. July 55 calls, 4% above spot and expiring in 24 days, lead the flow with 5500 contracts, incluidng a sweep buyer paying 1.05 for 2200 as shares traded $52.77, followed by 2300 more trading 1.18 on the PHLX floor. Net delta of these two trades is nearly 180k shares or 7% the adv in the stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ASO:
- Academy Sports transferred with Overweight at Wells Fargo
- These 2 ‘Strong Buy’ Stocks Are Too Cheap to Ignore, Say Analysts
- Academy Sports promotes Matt McCabe to Chief Merchandising Officer
- Academy Sports adds new stores in Greater Indianapolis
- TipRanks ‘Perfect 10’ List: These 3 Top-Rated Stocks Tick All the Boxes