Trader Bets on New Highs in The Interpublic Group of Companies, Inc (IPG)

Post by:

The Interpublic Group of Companies, Inc (IPG) is a global advertising and marketing company. Shares of IPG are currently trading around $17.85 in a 52 week range of $13.67-$18.00. The stock has been relatively flat this year with shares gaining only 0.9% year to date. Options traders seem to be expecting a move higher however, as orders hitting the tape today are very bullish. Earlier this morning a trader bought 6,000 IPG Jul 20 Calls for $0.20. This trade is nearly 5 times the average daily volume in IPG. With shares of IPG trading above the Ichimoku Cloud this order flow could be signaling for a long opportunity in IPG.

Block Trade: Trader bought the IPG Jul 20 Calls for $0.20
Risk: $20 per 1 lot
Reward: Unlimited
Breakeven: $20.20

James Ramelli
KeeneOnTheMarket.com

Submit a Comment

Your email address will not be published. Required fields are marked *

VIP NOTIFICATION SERVICE

TIRED OF BEING THE LAST TO KNOW ABOUT THE LATEST WINNING TRADE?

Join our VIP Notification Service and Be Among The First To Know About All The Latest Trade Ideas, Trading Tips, Highly Profit Potential Trades, and Market Predictions From Our Team of Expert Traders!
Join Text Messaging List
By providing your mobile phone number and clicking on the above button, you agree to receive automated promotional messages from us. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy  
You have to agree on terms in order to proceed to the subscription.

• FREE VIP NOTIFICATIONS •

Get Our Free Daily Trading Videos

Delivered To your Inbox

By submitting your information you agree to our Terms of Service and our Privacy Policy