It was another killer day for options flow — Friday was quad witching day! — so let’s get to it…
Here’s a surprising market mover: McCormick!
It’s a company that makes steak seasoning and other spices, and it’s often overlooked in the options market…
But MKC is showing some enticing signs after a big-money trader dropped a cool $1.2 MILLION on August calls just before the bell late Thursday, and July calls on Friday.
This activity suggests bullish sentiment, with traders buying as shares popped about a dollar on Friday.
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
And here’s something else to watch…
With the markets extended, an interest in food stocks like McCormick may reflect a traders moving to a more defensive. So keep an eye on McCormick — it could add just the right flavor to your portfolio!
Today’s Highlights:
- 💰 SOFI puts came in for about $208,000 in premium.
- 🔻 U also saw some put buyers dropping about $125K in a bearish bet.
- 🍴 McCormick saw strong repeat flow with some July calls hitting the wire Friday.
TODAY’S TOP FLOW:
- SoFi Technologies Inc. (Nasdaq: SOFI): June 23, $8.50 PUT.
- Unity Software Inc. (NYSE: U): June 23, $41 PUT.
- McCormick & Co. Inc. (NYSE: MKC): August $95 CALL.
Note: If there’s no date listed, it’s the monthly option expiration, which falls on the third Friday.
P.S. Urgent! 3 New Juneteenth trades issued at 3pm ET TODAY!
Just this morning, I ran through my Holiday Weekend strategy.
And long holiday weekends have been very, very good to my big group of traders.
That said, I wanted to let you know that we’ll deliver THREE new Juneteenth trades at 3 p.m. ET TODAY, June 16…
In fact, we’ll go over them in a LIVE trading session from 3 to 4 p.m. ET!
So, if you’d like today’s newest trades and the chance to trade with me — ask me any trading questions you want!
