Monday, September 18, 2023 1:44:49 PM
WestRock Company $WRK has some odd Call Volume vs OI activity today.
20 OCT 23 $40.00C is the position I noticed. Volume on this contract is 5,664 vs. OI 82.
With a very low B/A $0.35/$0.40, this suggests to me a bullish intent.
Westrock is America’s 2nd largest packaging company.
I would have expected a longer time frame buy with the holidays around the corner, so for now just keeping my eye on this one.
20 OCT 23 $40.00C is the position I noticed. Volume on this contract is 5,664 vs. OI 82.
With a very low B/A $0.35/$0.40, this suggests to me a bullish intent.
Westrock is America’s 2nd largest packaging company.
I would have expected a longer time frame buy with the holidays around the corner, so for now just keeping my eye on this one.
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