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
