Altice Stock Surging on Potential M&A Buzz

Options traders are targeting the stock at a higher volume than usual

Deputy Editor
Dec 28, 2023 at 10:59 AM
facebook X logo linkedin

Altice USA Inc (NYSE:ATUS) stock is soaring today, extending yesterday's 11.7% pop, after a report from Bloomberg that billionaire Xavier Niel has expressed interest in buying the company's Portuguese operations. On track for its fifth-straight day of gains, ATUS was up 14.4% to trade at $3.49. 

Today's pop has the stock running up to its 320-day moving average, which the stock hasn't closed above since August 2021. Since the start of the year, the equity has shed 25.9%. 

Over in the options pits, 3,083 calls and 1,234 puts have been exchanged so far, which is seven times the amount typically seen at this point. The March 2.50 call is the most popular, with new positions being sold to open there.

It's also worth noting that short interest represents 6.2% of the stock's available float. It would take shorts over seven days to cover their bearish bets, at ATUS' average pace of daily trading. 


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