Qlik Technologies Inc. (QLIK) provides user-driven business intelligence to enables its customers via the company’s Business Discovery platform to create and share insights across organizations. QLIK is trading at $36.69 close to the upper end of its 52 week range of $21.04-$37.44. Year to date the stock has outperformed the market rallying 19.09%. The stock ripped to the upside in today’s session by about 2.02% or $0.72.
Late in the session a trader bought 6,929 of the QLIK June 36.5 Calls for $0.45 when the stock was trading at $36.37. This order was recorded a around 2 PM CST on OptionHacker, and the stock rose about $0.40 to $36.77 after the trade hit the tape. Over 7,200 contracts have been traded today hinting at bullish sentiment. The QLIK June 36.5 Calls have traded as high as $0.75 in today’s session making this a highly profitable trade. This stock ripped to the upside when these calls were bought on intraday time frames from today’s session and continued to trade higher. There appears to be no specific reason the stock was higher today.
Trade: A trader bought QLIK June 36.5 Calls for $0.45
Risk: $45 per 1 lot
Breakeven: $36.95
If a trader bought a 20 lot of these Calls they would have profited $600 at the highs on $900 in risk. This is a great example of a hugely profitable UOA trade.
Andrew Keene
President/Founder
KeeneOnTheMarket.com
