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2,000 GXO Logistics, Inc. (Symbol: GXO) Calls Trade

OptionWatch:

2,000 GXO Logistics, Inc. (Symbol: GXO) Calls Trade

Posted October 3, 2023
Jeff Praissman
Interactive Brokers

This morning 2,000 GXO Logistics, Inc. (Symbol: GXO) October 20 ’23 60 calls traded. The trader most likely sold the calls since the first 750 traded at $0.45 and the remaining 1,250 traded at $0.40. The GXO October 20 ’23 60 calls are a 17.5 delta, so the trade was the equivalent of 35,000 shares of stock.  The open interest at the time of the trade in the GXO 60 calls was 2,600 contracts so this may have been the trader closing out their position.

At the time of the trade GXO was trading between $56.24 – $56.35. GXO is currently trading at $55.56. GXO has a 52-week high of $67.45 and a 52-week low of $32.10.

At the time of the trade GXO was trading between $56.24 - $56.35. GXO is currently trading at $55.56. GXO has a 52-week high of $67.45 and a 52-week low of $32.10.

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