NetEase, Inc. (NTES) Traders Aim for Higher Highs

NetEase, Inc (NTES) hit an all-time high after reporting earnings

May 14, 2015 at 10:38 AM
facebook twitter linkedin


NetEase, Inc (ADR) (NASDAQ:NTES) is soaring after last night's standout earnings report. At last check, the Internet and gaming stock has rallied 6.8% to trade at $138.85, and recently hit a record high of $139.70. In response, options traders are targeting calls at a blistering rate.

At last check, NTES calls were crossing the tape at 11 times the expected intraday clip. Most active is the May 145 call, which appears to be seeing buy-to-open activity -- suggesting short-term speculators anticipate higher highs by week's end, when the front-month options expire.

Optimism isn't restricted to NetEase, Inc's (NASDAQ:NTES) options pits. All five analysts tracking the shares consider them a "strong buy." At the same time, however, the equity's average 12-month price target of $128.31 stands at a discount to current trading levels, potentially paving the way for price-target hikes.
 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners