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Upside Calls Trade in Hostess Brands, Inc. (Symbol: TWNK)

OptionWatch:

Upside Calls Trade in Hostess Brands, Inc. (Symbol: TWNK)

Posted August 28, 2023
Jeff Praissman
Interactive Brokers

This morning over 1,800 Hostess Brands, Inc. (Symbol: TWNK) September 15 ’23 30 calls traded at $0.60. The calls are a 25 delta, and the trade is the equivalent of over 45,000 shares of stock. This open interest in the TWNK September 15 ’23 30 calls at the time of the trade was 750 contracts so this was an opening trade.

TWNK is expected to release earnings between October 31st and November 6th after the calls expire so this trade will not be affected by the release but is most likely related to TWNK being up over 25% Friday when news came out on the company is exploring a sale.

TWNK is currently trading at $27.37. TWNK has a 52-week high of $29.00 and a 52-week low of $21.59.

TWNK is currently trading at $27.37. TWNK has a 52-week high of $29.00 and a 52-week low of $21.59.

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