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3,300 Calls Trade in Clearwater Analytics Holdings, Inc. (Symbol: CWAN)

3,300 Calls Trade in Clearwater Analytics Holdings, Inc. (Symbol: CWAN)

Posted November 12, 2024 at 11:00 am

Jeff Praissman
Interactive Brokers

This morning 3,300 Clearwater Analytics Holdings, Inc. (Symbol: CWAN) December 20’24 35 calls traded between $0.10 and $0.25. This was an opening trade with only 50 contracts of open interest this morning and the trader bought the calls in various sized lots paying the asking price each trade. The CWAN 35 calls are a 10 delta, so the overall trade is the equivalent of 33,000 shares of stock.

Earnings were released on November 6th and beat estimates by $0.01. The trader may be buying these upside calls speculating that CWAN will continue to rise over the next 38-days into the December expiration.

CWAN is currently trading at $29.40. CWAN has a 52-week high of 35.67 and a 52-week low of $15.68.

CWAN is currently trading at $29.40. CWAN has a 52-week high of 35.67 and a 52-week low of $15.68

TWS. Past performance is not indicative of future results

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