Manchester United Stock Extends Rally on Potential Sale

MANU yesterday logged its best day on record

Digital Content Manager
Nov 23, 2022 at 10:30 AM
facebook X logo linkedin

Manchester United PLC (NYSE:MANU) is surging this morning, last seen up 13.3% to trade at $16.93, amid reports the soccer club's owners are working with financial advisers to explore strategic alternatives, including a new investment or sale, following 17 years of ownership.

The security yesterday logged its best day on record with a 14.7% gain, and earlier hit its highest level since October 2021. Shares also blew past a ceiling at the $15 region, which  capped several of the security's rallies over the past year, while the $12.40 level has been supportive since late September. Year-to-date, MANU is up 20.6%.

Manchester United's usually quiet options pits are bursting with activity today. So far, 2,441 calls and 848 puts have crossed the tape, which is 23 times the volume that is typically seen at this point. The December 20 call is seeing the most activity, followed by the 15 call in that monthly series. 

It's also worth noting the equity's Schaeffer's Volatility Scorecard (SVS) sits at 75 out of 100. This indicates MANU tends to exceed options traders' volatility expectations -- a good thing for buyers.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI