Move, Inc (MOVE) is a real estate information marketplace providing buyers and sellers of real estate with information and resources through online portals. The company’s stock is currently trading around $12.15 in a 52 week range of $9.91-$18.36. The stock has been very weak this year with shares falling more than 24% year to date. Despite the weakness in the stock options traders are taking a very bullish view on MOVE. Earlier this morning a trader bought 2,000 MOVE Jul 12.5 Calls for $0.90. Over 4,800 contracts have now traded on that line representing the majority of today’s option volume in MOVE. More than 70 times the average daily option volume has already traded in MOVE. Although shares of MOVE are trading well below the cloud order flow this massive is worth looking at.
Block Trade: Trader Bought 2,000 MOVE Jul 12.5 Calls for $0.90
Risk: $90 per 1 lot
Reward: Unlimited
Breakeven: $13.40