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2,000 Calls Trade in The Cheesecake Factory Incorporated (Symbol: CAKE)

OptionWatch:

2,000 Calls Trade in The Cheesecake Factory Incorporated (Symbol: CAKE)

Posted March 19, 2024
Jeff Praissman
Interactive Brokers

This morning 2,000 April 19’ 24 40 calls in The Cheesecake Factory Incorporated (Symbol: CAKE) traded for $0.23. The calls are a 14 delta, so the trade is the equivalent of 28,000 shares of stock. The open interest in the 40 calls was 2,800 at the time of the trade so this may be a trader closing out their position. CAKE was trading at $35.73 at the time of the trade.

CAKE is currently trading at $35.87. CAKE has a 52-week high of $37.59 and a 52-week low of $28.34.

CAKE is currently trading at $35.87. CAKE has a 52-week high of $37.59 and a 52-week low of $28.34.

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

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One thought on “2,000 Calls Trade in The Cheesecake Factory Incorporated (Symbol: CAKE)”

  • Well it’s Weds morning and now we know it was an opening trade. I wonder why anyone would buy $46000 worth of out of the money calls on this stock. Apparently it’s not earnings related as it looks like they don’t reort until May 22nd.

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