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3,000 Diagonal Call Spread Trades in Viavi Solutions Inc.  (Symbol: VIAV)

3,000 Diagonal Call Spread Trades in Viavi Solutions Inc.  (Symbol: VIAV)

OptionWatch:

Posted December 17, 2024 at 10:15 am

Jeff Praissman
Interactive Brokers

This morning 3,000 Viavi Solutions Inc.  (Symbol: VIAV) December 20 ’24 10 / June 20 ’25 11 diagonal call spread traded for $0.49. The investor was most likely closing out their position in the December 10 calls and opening a position in the June 11 judging by the open interest in each strike. Rolling a position is a common strategy where the investor closes out one position, usually a front month and opens a position in a further expiration. In this case the investor was closing out a lower call and opening in the higher call while giving the VIAV stock price an additional six months to increase in value.

At the time of the trade VIAV was trading for $10.48. VIAV has a 52-week high of $11.49 and a 52-week low of $6.60.

At the time of the trade VIAV was trading for $10.48. VIAV has a 52-week high of $11.49 and a 52-week low of $6.60.

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