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3,000 Diagonal Call Spreads Trade in BGC Group, Inc. (Symbol: BGC)

OptionWatch:

3,000 Diagonal Call Spreads Trade in BGC Group, Inc. (Symbol: BGC)

Posted January 23, 2024
Jeff Praissman
Interactive Brokers

This morning the BGC Group, Inc. (Symbol: BGC) February 16 ’24 7 / May 17 ’24 7.5 diagonal call spread traded 3,000 times at even. At the time of the trade BGC was trading at $7.25.

The trader may have been closing out their February position and rolling it to the May expiration. Earnings are expected to be released between February 26th and March 1st.

BGC is currently trading at $7.29. BGC has a 52-week high of $7.32 and a 52-week low of $3.97.

BGC is currently trading at $7.29. BGC has a 52-week high of $7.32 and a 52-week low of $3.97.

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