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Ferrari (RACE) Triggers Breakout with Size Call Buyer in OI

Ferrari (RACE) Triggers Breakout with Size Call Buyer in OI

by | Jul 29, 2021 | Open Interest Alerts

Ferrari (RACE) a bullish trigger on the chart today as it breaks out of 2021 value zone and a name with a recent size buyer of 2000 November $210 calls that are in open interest. RACE will report Monday, shares lower 3 of its last 4 reports. RACE is already out above VWAP off the highs and now looking to clear the pullback trend out of a multi-week consolidation high volume zone. RACE has a new CEO and aiming to move into electrification trends, a luxury brand that has always carried impressive margins for the industry.