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1,000 Calls Spreads Trade in Cerevel Therapeutics Holdings, Inc. (Symbol: CERE)

OptionWatch:

1,000 Calls Spreads Trade in Cerevel Therapeutics Holdings, Inc. (Symbol: CERE)

Posted June 4, 2024 at 10:15 am
Jeff Praissman
Interactive Brokers

This morning 1,000 Cerevel Therapeutics Holdings, Inc. (Symbol: CERE) October 18 ’24 42.5/45 vertical call spreads traded for $1.60. From the pricing it looks like the trader sold the spread on the NBBO prices, taking a bearish position. The delta of the spread is 37, so the overall delta of the trade was 37,000. At the time of the trade CERE was trading at $40.74.

The open interest in both strikes was 1,300 this morning so it is unclear if this was an opening or closing trade. CERE is currently trading at $40.90. CERE has a 52-week high of $43.59 and a 52-week low of $19.59.

CERE is currently trading at $40.90. CERE has a 52-week high of $43.59 and a 52-week low of $19.59.

Source: IBKR TWS. Past performance is not indicative of future results

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One thought on “1,000 Calls Spreads Trade in Cerevel Therapeutics Holdings, Inc. (Symbol: CERE)”

  • Roger B Fox

    CERE is being bought for 45 dollars cash by ABBV. They received a second request on February 24th. Depending on whether this was a debit or credit spread the trader is taking a position on whether or not the deal closes by October 18th.

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