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500 Upside Calls Trade in Royalty Pharma plc (Symbol: RPRX)

OptionWatch:

500 Upside Calls Trade in Royalty Pharma plc (Symbol: RPRX)

Posted August 12, 2024 at 10:23 am
Jeff Praissman
Interactive Brokers

This morning 500 January 17 ’25 40 calls traded for $0.10 in Royalty Pharma plc (Symbol: RPRX). This was an opening trade since the open interest at the time of the trade was less than 20 contracts. At the time of the trade RPRX was trading for 26.38. The 40 calls are a 5 delta, so the trade is the equivalent of 2,500 shares of stock. 

It’s unclear whether the trader is selling covered calls against an established stock position or if they are speculating on a large price move to the upside prior to expiration in RPRX.

RPRX is currently trading at $26.68. RPRX has a 52-week high of $31.66 and a 52-week low of $25.20.

Source: IBKR TWS

Past performance is not indicative of future results.

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