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2,400 Call Spreads Trade in Noble Corporation Plc (Symbol: NE)

OptionWatch:

2,400 Call Spreads Trade in Noble Corporation Plc (Symbol: NE)

Posted December 6, 2023
Jeff Praissman
Interactive Brokers

This morning 2,400 Noble Corporation Plc (Symbol: NE) January 19 ’24 50/55 call spread traded at $0.35. The overall delta of the spread is 10, so the trade is the equivalent of 24,000 shares of stock. At the time of the trade NE was trading at $43.68.

The buyer of the call spread will benefit if NE rises above $50.35 (Strike plus premium paid) prior to expiration and reach maximum profit when NE is $55 or higher.

Currently NE is trading at $43.29. NE has a 52-week high of $55.32 and a 52-week low of $33.24.

Currently NE is trading at $43.29. NE has a 52-week high of $55.32 and a 52-week low of $33.24.

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