This morning 2,000 Maxeon Solar Technologies, Ltd. (Symbol: MAXN) October 20 ’23 17.5 calls traded at $0.55. The calls are a 27 delta, so the trade is the equivalent of 54,000 shares of stock. The open interest at the time of the trade in the MAXN was 750 contracts so this was an opening trade. Earnings are not expected to be between November 13th – 17th,which falls after this expiration. This may be a trader taking a short-term bullish position on MAXN.
The stock is trading at $14.69, relatively unchanged. MAX has a 52-week high of $38.91 and a52-week low of $13.25.
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