ADTRAN, Inc. (ADTN) Bullish Options Activity Leads to a Lucrative Trade

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
President/Founder
KeeneOnTheMarket.com

Submit a Comment

Your email address will not be published.

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