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1,000 Puts Trade in Gates Industrial Corporation plc (Symbol: GTES)

1,000 Puts Trade in Gates Industrial Corporation plc (Symbol: GTES)

OptionWatch:

Posted May 20, 2024 at 10:45 am

Jeff Praissman
Interactive Brokers

This morning 1,000 Gates Industrial Corporation plc (Symbol: GTES) August 16 ’24 17.5 puts traded for $0.65. The open interest at the time of the trade was 1,000 contracts so it is unclear whether this was a closing or opening trade. Earnings are expected to be released between August 2nd and 6th so this may also be earnings play but it is too early to tell.  

GTES is currently trading at $17.75 close to its 52-week high of $17.98 and a 52-week low of $10.69.

GTES is currently trading at $17.75 close to its 52-week high of $17.98 and a 52-week low of $10.69.

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