This morning 7,000 Invesco, Ltd. (Symbol: IVZ) April 19 ’24 14 puts traded at $0.25. The puts are a 22 delta, so the trade is the equivalent of 154,000 shares of stock. At the time of the trade IVZ was trading at $15.33.
This was an opening trade and since earnings are expected to be released between April 23 – 29 so these options will expire prior to the announcement, not an earnings play.
IVZ is currently trading at $15.34. IVZ has a 52-week high of $18.28 and a 52-week low of $12.29.
Source: IBKR TWS. Past performance is not indicative of future results
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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
