What’s Behind Call Action in Neptune

A large trader apparently believes that gains will be limited in Neptune Technologies & Bioresources.

More than 42,000 NEPT options have traded already this morning, about 10 times its full-session average for the last month. Virtually all of the action is in one spread.

optionMONSTER systems show that a trader bought 21,000 August 5 calls for $0.10 in against previous open interest of 24,936 contracts. At the same time, he or she sold 21,000 September 5 calls for the bid price of $0.25 in volume well above the open interest of 1,099 at that strike, clearing indicating a new position.

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