Host Hotels & Resorts, Inc (HST) is a REIT that holds luxury hotels in the U.S. and around the world. The company’s stock is currently trading around $20.75 in a 52 week range of $15.60-$20.90. Shares of HST have been performing well this year as the stock has rallied nearly 7% year to date. Options order flow in HST during today’s trading session would suggest that traders expect this trend in HST to continue through April expiration. Earlier this morning a trader bought 5,427 HST Apr 21 calls for $0.30. This is a very bullish trade and the largest block to trade in HST today as calls are out trading puts 210 to 1. Nearly 22 times the average daily option volume in HST has already traded today. HST is also looking strong on a chart. The stock is trading above the Ichimoku Cloud and is just off of its 52 week highs. With a bullish chart set up like this it seems like this trader is taking a speculative long in HST. Both the chart and order flow are signaling for a long in HST.
Block trader: Bought the HST Apr 21 Calls for $0.30
Risk: $30 per 1 lot
Reward: Unlimited
Breakeven: $21.30