This morning 8,300 November 17 ’23 25 puts traded in The Carlyle Group Inc. (Symbol: CG). CG stock was trading around $28.48 at the time of the trade. The CG November 17 puts are a 14.5 delta, so the trade is the equivalent of 120,350 shares of stock. The open interest of the time of the trade in the CG puts was 4,000 contracts so this was an opening trade, and it looks like the trader bought them, paying $0.30.
CG is expected to release earnings on November 7th and has had mixed results in the past eight earnings cycles of over and underperforming estimates.
CG is currently trading at $28.36. CG has a 52-week high of $37.48 and a 52-week low of $24.40.
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.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.
Disclosure: Options Trading
Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD) or visit ibkr.com/occ