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Over 3,000 Westlake Corporation (Symbol: WLK) Puts Trade


Over 3,000 Westlake Corporation (Symbol: WLK) Puts Trade

Posted June 13, 2024 at 11:00 am
Jeff Praissman
Interactive Brokers

This morning 3,240 Westlake Corporation (Symbol: WLK) July 19 ’24 145 puts traded for $1.83. This was an opening trade as there were less than 25 contracts of open interest in the 145 strike this morning. The puts are a 33 delta, so the trade is the equivalent of 106,920 share of stock.  At the time of the trade WLK was trading at $155.12.

It looks like the trader sold the puts and they may be looking to make extra income from the premium and potentially take a long stock position at a cost basis of $185 if WLK drops to that level by expiration.

WLK is currently trading at $149.16. WLK has a 52-week high of $162.53 and a 52-week low of $106.34.

WLK is currently trading at $149.16. WLK has a 52-week high of $162.53 and a 52-week low of $106.34.

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

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3 thoughts on “Over 3,000 Westlake Corporation (Symbol: WLK) Puts Trade”

  • Anonymous

    Good Morning Sir Please let me know how you use scanner parameter to find option Im IBKR 4 years client use Schaffer search investment Advisor recommendation with really small profit winners. Thank you

    • Interactive Brokers

      Thank you for reaching out. The TWS Market Scanners provide a quick scan of relevant markets and return the top contracts based on the instrument, parameter (Top % Gainers, Top % Losers, Most Active, etc) and filtering criteria you define.
      You can find the Market Scanner in Classic TWS by clicking the Analytical Tools menu option and selecting Mosaic Market Scanner or Advanced Market Scanner, and in Mosaic by clicking the New Window button followed by Mosaic Market Scanner or Advanced Market Scanner.

      It may also interest you to review our market scanner types:

      We hope this information is helpful!

  • Wojciech

    Good morning Sir Thank you. Have you good long weekend Wojciech

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