We saw seven times the average daily put volume [in SunPower], and normally we might think that means that traders are making bearish bets. That s not necessarily the case here. This stock has been climbing a wall of worry with only four of 15 analysts having bullish recommendations on this stock, Optimize Advisors CIO Michael Khouw said Tuesday on CNBC s Fast Money.
Despite analysts unwillingness to believe the hype and get bullish on the stock, which has risen 500% in the last six months alone, there s at least one trader willing to buck the trend and bet that the bottom isn t falling out in the near future.
We were taking a look at Exxon, this is a name where we saw calls outpacing puts by [a ratio of] about 5 to 1, and the most active options were the January 2022 52.5-calls. Over 13,000 of those traded for about $2.66 on average, Michael Khouw, chief investment officer at Optimize Advisors, said Monday on CNBC s Fast Money.
Those calls break even at a stock price of $55.16, or roughly 31% higher from where the shares closed out Monday s session. The stock has fallen from $70.90 to roughly $42 this year, so those calls represent a bet that Exxon Mobil can recover about 50% of those losses throughout the next year and into early 2022.
he s unlikely to be the last. of course steve wynn is a major donor to both political parties. he s the head of the finance committee for the rnc. it s unclear still today whether any of those politicians are going to be returning any of that money. alex? all right. matt, thank you very much from las vegas. a statement from michael khouw hen saying steve is a truly great man who has been the driving force behind the rnc finance committee. meanwhile, democrats are pushing back against the immigration proposal. nancy policy explaining her opposition to the proposal by saying this. that plan is a campaign to make america white again. it s a plan that says over 50% of the current legal immigration will be cut back. they want the ransom for these children to be $25 billion for a wall when we have all the needs