Trader Bets on New Highs in The Interpublic Group of Companies, Inc (IPG)

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

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Your email address will not be published.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