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1,000 Calls Trade in Cemex, S.A.B. de C.V. (Symbol: CX)

OptionWatch:

1,000 Calls Trade in Cemex, S.A.B. de C.V. (Symbol: CX)

Posted September 24, 2024 at 10:15 am
Jeff Praissman
Interactive Brokers
CX

This morning 1,000 Cemex, S.A.B. de C.V. (Symbol: CX) October 18 ’24 6 calls traded for and average price of $0.525. The calls are an 84 delta, so the trade was the equivalent of 84,000 shares of stock. From the price of the trade and the NBBO at the time it looks like the investor sold the calls. Earnings are expected to be released after expiration on October 28th so these will expire prior to the release date if the schedule holds. The investor may be selling covered calls to generate extra income from a long stock position prior to any expected move from the earnings release.

CX is currently trading at $6.51. CX has a 52-week high of $9.24 and a 52-week low of $5.50.

CX is currently trading at $6.51. CX has a 52-week high of $9.24 and a 52-week low of $5.50.

Source: IBKR TWS. Past performance is not indicative of future results

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One thought on “1,000 Calls Trade in Cemex, S.A.B. de C.V. (Symbol: CX)”

  • Roger B. Fox

    Based on Weds open interest this trade was to close a position

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