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2,600 Calls Trade in CoreCivic, Inc. (Symbol: CXW)

OptionWatch:

2,600 Calls Trade in CoreCivic, Inc. (Symbol: CXW)

Posted November 14, 2023
Jeff Praissman
Interactive Brokers

This morning 2,600 CoreCivic, Inc. (Symbol: CXW) December 15 ’23 13 calls traded for $1.10. The NBBO at the time of the trade was $0.85/$1.15 so the trader most likely bought the calls. CXW was trading at $13.70. The CXW December 15 ’23 13 calls are a 74 delta, so the trade is the equivalent of 192,400 shares of stock.

CXW is currently trading at $13.76. CXW has a 52-week high of $14.43 and a 52-week low of $7.85.

CXW 1 Year/Weekly Candles '23 Chart
Source: Interactive Brokers

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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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