This morning 2,000 April 19’ 24 40 calls in The Cheesecake Factory Incorporated (Symbol: CAKE) traded for $0.23. The calls are a 14 delta, so the trade is the equivalent of 28,000 shares of stock. The open interest in the 40 calls was 2,800 at the time of the trade so this may be a trader closing out their position. CAKE was trading at $35.73 at the time of the trade.
CAKE is currently trading at $35.87. CAKE has a 52-week high of $37.59 and a 52-week low of $28.34.
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
