Dupont E I De Nemours & Co (DD) is an industrial conglomerate with operation in the agriculture, electronics, materials, and pharmaceuticals spaces. The company’s stock is currently trading around $73.71 in a 52 week range of $59.35-$75.82. The stock has been performing relatively well with shares rallying 16.7% over the past 12 months. On the back of this strong performance traders have been picking up bullish options positions this morning as the stock continues to rally on the day.
Earlier today a trader bought 4,496 DD Jan 23rd weekly 74.5 Calls for $0.79. This order hit OptionHacker at 8:48 CT as the stock was trading at $73.22. The stock has now traded as high as $74.17 on the day and these calls have seen a nice move higher with the stock. These calls have already traded as high as $1.29 on the trading day making this an extremely profitable trade. Our head trader bought these calls and has already taken multiple profit targets.
Trade: Bought 100 DD Jan 23rd weekly 74.5 Calls for $0.91
Risk: $91 per 1 lot
Reward: Unlimited
Breakeven: $75.41
Profit targets have already been taken as high as $1.35 on these calls making this trade an HUGE winner.
Regards,
Andrew Keene
KeeneOnTheMarket.com
