Asset Classes

Free investment financial education

Language

Multilingual content from IBKR

Close Navigation
Learn more about IBKR accounts
Trader Takes Large Bullish Position on IAA, Inc (Symbol: IAA) After Earnings

OptionWatch:

Trader Takes Large Bullish Position on IAA, Inc (Symbol: IAA) After Earnings

Posted February 24, 2023 at 12:00 pm
Jeff Praissman
Interactive Brokers
IAA

This morning 5,000 March 17’23 40 puts in IAA, Inc. (Symbol: IAA) traded at $1.40, with an additional 500 trading seconds later at $1.35 indicating that the trader was selling them as the market faded. The puts are a 38 delta so selling 5,500 puts is the equivalent of buying 209,000 shares of IAA stock. IAA recently announced earnings on February 21st and beat the EPS estimate but missed on revenue. IAA has a 52-week high of $44.05 and a 52-week low of $31.33.

IAA recently announced earnings on February 21st and beat the EPS estimate but missed on revenue. IAA has a 52-week high of $44.05 and a 52-week low of $31.33.
Disclosure: Interactive Brokers

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

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.