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2,300 Calls Trade in Primo Brands Corporation (Symbol: PRMB)

2,300 Calls Trade in Primo Brands Corporation (Symbol: PRMB)

OptionWatch:

Posted June 3, 2025 at 11:15 am

Jeff Praissman
Interactive Brokers

This morning 2,300 July 18 ’25 32.5 calls traded in Primo Brands Corporation (Symbol: PRMB) for $1.10 in multiple lots. This was an opening trade with the open interest in the calls less than 250 contracts this morning. The investor most likely sold the calls with the National Best Bid Best Offer (NBBO) $1.05 – $1.50 during most of the trades.

The calls are a 48 delta, so the trade is the equivalent of 110,400 shares of stock. The investor may be selling covered calls against a long stock position to generate extra income. PRMB is currently trading at $31.92. PRMB has a 52-week high of $35.84 and a 52-week low of $24.36.

PRMB has a 52-week high of $35.84 and a 52-week low of $24.36.

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

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