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Trader Takes Large Bullish Position on IAA, Inc (Symbol: IAA) After Earnings

OptionWatch:

Trader Takes Large Bullish Position on IAA, Inc (Symbol: IAA) After Earnings

Posted February 24, 2023
Jeff Praissman
Interactive Brokers

This morning 5,000 March 17’23 40 puts in IAA, Inc. (Symbol: IAA) traded at $1.40, with an additional 500 trading seconds later at $1.35 indicating that the trader was selling them as the market faded. The puts are a 38 delta so selling 5,500 puts is the equivalent of buying 209,000 shares of IAA stock. IAA recently announced earnings on February 21st and beat the EPS estimate but missed on revenue. IAA has a 52-week high of $44.05 and a 52-week low of $31.33.

IAA recently announced earnings on February 21st and beat the EPS estimate but missed on revenue. IAA has a 52-week high of $44.05 and a 52-week low of $31.33.
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