Trading Options with an Edge
Select Page

Green Plains (GPRE) Bullish Open Interest Trigger

Green Plains (GPRE) Bullish Open Interest Trigger

by | Jul 21, 2021 | Open Interest Alerts

Green Plains Energy (GPRE) starting to trigger out of its long bull flag today and a name with recent bullish near and long-term activity. The November 2022 and December 2022 $35 calls with buyers this week, the August $29 short puts opened 3000X on 7/7, and see spreads in December buying $35/$45 call spreads while selling the $25 puts. BAML with a recent eye-catching note saying GPRE noting “emerging from its COVID and trade war-induced lows with new capital, new intellectual property and technology, and a new vision that is expected to grow EBITDA at a 100+% CAGR through 2023 with several significant growth drivers beyond 2023. Future earnings should be far more stable than in years past due to the specialized nature of these new products and lower reliance on fuel ethanol”