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Hawk’s Nest

Unusual Bull Options Bet in Paper Company with Acquisition Interest

by | Jul 11, 2022

Sylvamo (SLVM) unusual 1550 November $40/$20 bull risk reversals opening at $0.85 debit, a $1.36B maker of printing paper trading 3.2X EBITDA though also carries a lot of debt. SLVM announced a $150M buyback recently and more interesting adopted a rights plan after Atlas acquired 14% of SLVM stock.