Options Bulls Target More Gains for Levi Stock

Levi's first earnings report as a public company was a huge success

Managing Editor
Apr 10, 2019 at 2:25 PM
facebook X logo linkedin

Levi Strauss & Co. (NYSE:LEVI) stock is up 5.9% to trade at $23.20 today, after the apparel maker's first quarterly report as a public company raised eyebrows on Wall Street. Both first-quarter earnings and revenue exceeded analyst expectations, while its fiscal 2019 outlook also beat estimates. In response to the blowout report, options bulls have taken a greater interest in the jeans company. 

More specifically, 14,000 LEVI options have changed hands today -- 12 times the expected intraday amount and volume pacing in the 100th percentile of its annual range. The May 25 call is the most active, but not far behind is the April 24 call, with new positions being opened at each. These options traders could banking on a push higher from the equity in the coming weeks and months.

But this runs converse to the early options trend seen from the security. Options trading on Levi stock began on March 27 and since then, put and call open interest has been roughly equal, with about 11,000 contracts exchanged apiece.

Levi stock had its initial public offering on March 21, pricing at $17. Since then, the shares traded as high as $24.16 on April 1, and fell to a bottom of $21.24 on April 8. Today's surge is set to be the biggest in the stock's short trading history. 

levi stock today


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 C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI