Calls Red Hot on Carlyle Stock After Analyst Upgrade

Calls are running at four times the intraday average

Digital Content Manager
Sep 13, 2021 at 1:01 PM
facebook X logo linkedin


BMO just came in with a bull note for asset management name Carlyle Group Inc (NASDAQ:CG). The analyst upgraded the stock to "outperform" from "market perform," and lifted its price target to $65 from $59. The upgrade is giving CG a boost, and the equity was last seen up 1.1% to trade at $49.35. 

The stock earlier surged as high as $51.13, almost overtaking its Aug. 2 record peak of $51.55. CG has seen a nearly unstoppable rally in the past 12 months, up 96%, while the 60-day moving average has provided a solid level of support during this time period, capturing several of the stock's sharper pullbacks. 

newcg

Considering this, it's no wonder analysts have been mostly bullish on CG coming into today. There's still room for upgrades, however. Of the 10 in coverage, three still said "hold" or worse. 

An unwinding of short interest could also contribute to CG's rally. Short interest rose 17.1% and now makes up 4.9% of the stock's available float, and would take over a week to cover at its average daily pace of trading. 

The analyst note has sparked a flurry of bullish activity in the options pits. So far, 1,154 calls have crossed the tape, which is four times the intraday average and more than 17 times the number of puts exchanged. The two most popular positions by far are the September 49 and 50 calls. 

Now looks like a perfect time to join these bulls. The security's Schaeffer's Volatility Index (SVI) of 24% stands higher than just 15% of readings from the past 12 months, implying these traders are pricing in relatively low volatility expectations at the moment.

 

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