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Hawk’s Nest

Daily Freebies – 10/23/20

by | Oct 23, 2020

Omnicom (OMC) buyer of 2,000 November $52.50 calls for $2.25, stock replacement ahead of earnings on 10-27 and IPG and Publicis both recently with strong results

United Parcel (UPS) with 1,400 November 13th (W) $172.50 calls bought for $7.87 today, spread with the Oct 30th (W) $172.50 calls sold in calendar spreads ahead of 10-28 earnings. UPS also with 1000 December $175 calls bought today between $8.75 and $8.80

Axalta (AXTA) buyers of the January $28 calls or $1.50 to $1.60, over 2200X, report a while ago that Nippon Paint was looking for deals and AXTA long considered a top target