Daily Freebies – 8/5/20
Tejon Ranch (TRC) buyer of 500 January $15 calls for $1.65, name that trades virtually no options. The $404M company is a real estate development firm that leases land for residential, mineral resources, farming, communications towers, infrastructure development, c-stores, fast food, and more.
BellRing Brands (BRBR) buyer of 350 August $20 puts for $1.45 to $1.50 into earnings tomorrow, name that doesn’t trade options very often with just 79 puts in OI total. BRBR could see some weakness in their protein/power bars and nutrition labels with a lot of gyms closed or running at minimal capacity
Green Dot (GDOT) with 450 December $45 puts sold to open $3.30 to $3, common strategy in the name with size short puts in the $40 and $35 strikes