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Upside Calls Trade in The Timken Company (Symbol: TKR)

OptionWatch:

Upside Calls Trade in The Timken Company (Symbol: TKR)

Posted July 6, 2023
Jeff Praissman
Interactive Brokers

This morning 1,000 July 21 ’23 90 calls traded in The Timken Company (Symbol: TKR). The calls are a 42 delta, so the trade is the equivalent of 42,000 shares of stock. TKR is expected to release earnings between July 26th and July 31st so the calls will expire prior to the expected release and at the time of the trade the open interest in the TKR July 21 ’23 90 calls was 2,000 contracts so it is unclear whether this was an opening or closing trade.  

TKR currently trades at $88.69. TKR has a 52-week high of $92.66 and a 52-week low of $50.64. 

TKR currently trades at $88.69. TKR has a 52-week high of $92.66 and a 52-week low of $50.64. 

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