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3,500 Calls Trade in MasTec, Inc. (Symbol: MTZ)

OptionWatch:

3,500 Calls Trade in MasTec, Inc. (Symbol: MTZ)

Posted June 12, 2024 at 10:30 am
Jeff Praissman
Interactive Brokers
MTZ

This morning 3,500 MasTec, Inc. (Symbol: MTZ) June 21 ’24 110 calls traded for $2.70. The calls are a 58 delta, so the trade is the equivalent of 203,000 shares of stock. At the time of the trade MTZ was trading at $110.80. The open interest at the time of the trade was 3,900 contracts so this may have been a trader closing out their position with 9 days left to expiration or possibly trying to take advantage of a short-term bullish move but that can’t be verified until the next trading day when open interest is updated.

MTZ is currently trading at $111.48. MTZ has a 52-week high of $123.27 and a 52-week low of $44.68.

MTZ is currently trading at $111.48. MTZ has a 52-week high of $123.27 and a 52-week low of $44.68.

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

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3 thoughts on “3,500 Calls Trade in MasTec, Inc. (Symbol: MTZ)”

  • Alfred

    Let’s see the momentum

  • Joel Saltzman

    Where do you find that trade on the IBKR platform?

    • Interactive Brokers

      Hello Joel, thank you for asking. You can use the Advanced Market Scanner in TWS, and filter by the “Hot By Opt Volume” parameter to look for large percentage changes. You can search the option chain to see what strike had the volume, and Time and Sales to view the actual trade(s). We hope this answers your question!

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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the "Characteristics and Risks of Standardized Options" also known as the options disclosure document (ODD) or visit ibkr.com/occ

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