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24,000 Call Spreads Trade in Hanesbrands Inc. (Symbol: HBI)

OptionWatch:

24,000 Call Spreads Trade in Hanesbrands Inc. (Symbol: HBI)

Posted June 8, 2023 at 11:15 am
Jeff Praissman
Interactive Brokers
HBI

This morning a trader bought 24,000 Hanesbrands Inc. (Symbol: HBI) January 19 ’24/January 17 ’25 5 call spreads paying $0.72. The trader most likely was rolling their position from the HBI January 19 ’24 5 calls to the January 17 ’25 5 calls. The open interest in the HBI January 19 ’24 5 calls this morning was 31,000 contracts while the open interest in the January 17 ’25 5 calls was only 3,500 contracts.

HBI has a 52-week high of $11.59 and a 52-week low of $3.85.

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