OptionWatch:

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

Articles From: Interactive Brokers
Website: Interactive Brokers

By:

Sr. Trading Education Specialist

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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Disclosure: Interactive Brokers

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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Options involve risk and are not suitable for all investors. For information on the uses and risks of options, you can obtain a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options by clicking the link below. Multiple leg strategies, including spreads, will incur multiple transaction costs. “Characteristics and Risks of Standardized Options”