"I Beat The Market Trading 1 Day Per Week. Learn How."

Steven Brooks dominates the market buying stocks for a 99% discount and getting paid to do so!

Join Steven for a FREE training session and learn Steven's secret to timing his trades to see massive returns.

Hurry, seating is extremely limited.

Join Now

E. I. du Pont de Nemours and Company (DD), commonly referred to as DuPont, is an American chemical company that was founded in July 1802 as a gunpowder mill by Éleuthère Irénée du Pont. DD is currently trading around $68.88 in a 52 week range of $56.46 – 69.75. The company’s stock has been underperforming the market this year with shares up 5.96% year to date. Options traders seem to think that this trend will continue as order flow in DD has been decidedly bullish during the last few trading sessions. On Monday, a trader bought 2000 DD Fri 9/26 65.5 Calls (Wkly) @ $0.52. This is a bullish order and involved this trader laying out $100,000 in total premium. The stock rallied today on news that Trian Fund, a significant stakeholder in DuPont, launched a campaign to break the chemical giant into two separate businesses.

The Trade:
Buying the DD Fri 9/26 65.5 Calls (Wkly) @ $0.52 debit
Risk: $52 per 1 lot

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long

(Full disclosure: I have no position on in this stock)

Andrew Keene
KeeneOnTheMarket.com

Pin It on Pinterest

Share This

Stop Sign

Don't Miss This Exclusive Training Session!

Join Hubert Senters and learn the best method for spotting breakouts.

Join Now (Click Here)

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