BXB 0.99% $15.07 brambles limited

option trade

  1. 280 Posts.
    Just after opinion on a Bramble trade today. The SP is around $12.85. Someone bought 100 contracts BXB26 which is the jan 07 call $14.10 - worth about $11k

    Now why would someone do that with only one month left before expiry & the share price so far out of the money. Obvious its not someone hoping for a quick profit because even a 30c rise in the next few days would hardly move the price of that option. Looks to me like someone who thinks something big will happen shortly???

    what do others think???
 
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Last
$15.07
Change
-0.150(0.99%)
Mkt cap ! $20.98B
Open High Low Value Volume
$15.19 $15.24 $15.05 $38.16M 2.526M

Buyers (Bids)

No. Vol. Price($)
3 9154 $15.06
 

Sellers (Offers)

Price($) Vol. No.
$15.11 1251 1
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Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
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