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6,400 Calls Trade in Weibo Corporation (Symbol: WB)


6,400 Calls Trade in Weibo Corporation (Symbol: WB)

Posted April 11, 2024 at 10:30 am
Jeff Praissman
Interactive Brokers

This morning 6,400 Weibo Corporation (Symbol: WB) May 17 ’24 9.2 calls traded for $0.20. The calls are a 30 delta, and the trade is the equivalent of 192,000 shares of stock. This was an opening trade with the open interest in the WB under 700 contracts this morning. At the time of the trade WB was trading at $8.35.

Earnings are expected to be released after expiration, so this is not an earning play but possibly an investor with a long stock position selling covered calls to generate extra income. WB is currently trading at $8.25. WB has a 52-week high of $17.03 and a 52-week low of $7.84.

WB is currently trading at $8.25. WB has a 52-week high of $17.03 and a 52-week low of $7.84.

Source: IBKR TWS. Past performance is not indicative of future results

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