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5,000 Earnings Expiration Puts Trade in Element Solutions Inc (Symbol: ESI)

5,000 Earnings Expiration Puts Trade in Element Solutions Inc (Symbol: ESI)

OptionWatch:

Posted January 21, 2025 at 10:15 am

Jeff Praissman
Interactive Brokers
ESI

This morning 5,000 Element Solutions Inc (Symbol: ESI) February 21 ’25 25 puts traded for $0.55. The open interest was less than 200 contracts this morning, so this was an opening trade in the 29 delta options that was the equivalent of 145,000 shares of stock. The NBBO at the time of the trade was $0.35 / $1.05 so the trader most likely sold the puts. At the time of the trade ESI stock was trading at $26.38.

ESI earnings are expected to be released between February 19 – 21 so the trader may be speculating that ESI will not dip below the 25 strike and in selling the puts taking advantage of the increased volatility in an earnings month. ESI has beaten earnings estimates in six of the past eight earning cycles.

ESI has beaten earnings estimates in six of the past eight earning cycles.

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

ESI is currently trading at $26.17. ESI has a 52-week high of $29.77 and a 52-week low of $21.37.

ESI is currently trading at $26.17. ESI has a 52-week high of $29.77 and a 52-week low of $21.37.

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

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One thought on “5,000 Earnings Expiration Puts Trade in Element Solutions Inc (Symbol: ESI)”

  • Anonymous

    yeah!

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