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Hawk’s Nest

Unusual Call Buy in Small Cap Insurance Company

by | Aug 11, 2021

Tiptree (TIPT) unusual early action with 2000 December $12.50 calls bought $0.75 to $0.80, shares starting to emerge out of a 195 minute bull flag and long base. TIPT is a $350M provider of specialty insurance products trading 7X Earnings and 0.9X Book. TIPT previously had 2000 December $10 calls bought to open.