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3,000 Diagonal Call Spreads Trade in Edgewise Therapeutics, Inc. (Symbol: EWTX)

3,000 Diagonal Call Spreads Trade in Edgewise Therapeutics, Inc. (Symbol: EWTX)

OptionWatch:

Posted December 10, 2024 at 10:15 am

Jeff Praissman
Interactive Brokers

This morning the Edgewise Therapeutics, Inc. (Symbol: EWTX) December 20 ’24 40 / February 21 ’25 45 diagonal call spread traded 3,000 times for $1.85. The trader sold the December calls and bought the February ones. The open interest in both strikes was less than 3,000 contracts so both legs were opening trades and not rolling an established December position to February.

The trader may be longer term bullish on EWTX and offsetting some of the cost of buying the February 45 calls by selling the December 40 calls.  EWTX is currently trading at $30.26. EWTX has a 52-week high of $38.12 and a 52-week low of $6.55.

EWTX is currently trading at $30.26. EWTX has a 52-week high of $38.12 and a 52-week low of $6.55.

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

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2 thoughts on “3,000 Diagonal Call Spreads Trade in Edgewise Therapeutics, Inc. (Symbol: EWTX)”

  • Roger B. Fox

    This is a very interesting trade. Thanks for posting it!

    • Interactive Brokers

      Thanks for engaging!

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