Large Call Trade in Telefonaktiebolaget LM Ericson (Symbol: ERIC) Earnings Expiration

    Date:

    This morning 4,700 Telefonaktiebolaget LM Ericson (Symbol: ERIC) February 16 ’24 6 calls trade for $0.20. The calls are a 45 delta, so the trade is the equivalent of 211,500 shares of stock. This was an opening trade with the open interest this morning in the ERIC February 6 calls under 2,000 contracts. At the time of the trade ERIC was trading at $5.83.

    This was most likely an earnings trade as ERIC is expected to release results on January 23rd before the market opens. ERIC’s earnings have either surprised to the upside or been inline with estimates six of the past eight cycles.

    ERIC’s earnings have either surprised to the upside or been inline with estimates six of the past eight cycles.

    ERIC is currently trading at $5.84. ERIC has a 52-week high of $6.36 and a 52-week low of $4.33.

    ERIC is currently trading at $5.84. ERIC has  a52-week high of $6.36 and a 52-week low of $4.33.
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