OptionWatch:

Toy Story? 24,000 Options Trade in Mattel, Inc.  (Symbol: MAT)

Articles From: Interactive Brokers
Website: Interactive Brokers

By:

Sr. Trading Education Specialist

Interactive Brokers

This morning over 24,000 option contracts traded in Mattel, Inc. (Symbol: MAT) April 19’ 24 expiration.  9,200 of the 22 calls traded at $0.14, 6,000 of the 20 calls traded at $0.57, and 9,100 of the 18 puts traded at $0.49. All three trades occurred at 9:53:35 and MAT was trading at $19.05 at the time. Looking at the NBBO at the time of the trade it looks like the trader sold the MAT 20 and 22 calls and bought the MAT 18 puts. If that is the case the overall delta of the combination was equal to 112,000 shares of stock.

It is unclear if the trade was opening or closing since the open interest in all three strikes is greater than the trade amounts. They may have been closing trades whereas the trader is closing out positions that will expire prior to the next estimated earnings release on April 25th.

MAT is currently trading at $19.01. MAT has a 52-week high of $22.64 and a 52-week low of $15.36.

MAT is currently trading at $19.01. MAT has a 52-week high of $22.64 and a 52-week low of $15.36.

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

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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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Disclosure: Options Trading

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