ADTRAN, Inc (ADTN) is a global provider of networking and communications equipment enabling voice, data, video and internet communications across a variety of network infrastructures. ADTN is trading at $16.65 around the lower end of its 52 week range of $15.67-$24.13. Year to date the stock has underperformed the market falling by 23.72%. The stock rose to the upside in today’s session by about 3.64% or $0.59.

Early in the session a trader bought 1,287 of the ADTN July 17.0 Calls for $0.35 when the stock was trading at $16.25. This order was recorded about an hour after the open on OptionHacker, and the stock rose about $0.59 to $16.76 after the trade hit the tape. Over 2,270 contracts have been traded today hinting at bullish sentiment. The ADTN July 17.0 Calls have traded as high as $0.55 today making this a highly profitable trade. This stock has been trading below the Ichimoku Cloud on the intraday time frames for the past month, continuing into today’s session.

Trade: A trader bought 1,287 of the ADTN July 17.0 Calls for $0.35
Risk: $35 per 1 lot
Breakeven: $17.35

If a trader bought a 20 lot of these Calls they would have profited $480 at the highs on $700 in risk. This is a great example of a hugely profitable UOA trade.

Andrew Keene

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