Call Traders Betting Big on Underperforming REIT

Piper Sandler cut NLY's price target to $18 from $21

Digital Content Manager
Oct 30, 2023 at 2:48 PM
facebook X logo linkedin


Annaly Capital Management, Inc. (NYSE:NLY) is trying to brush off a bear note from Piper Sandler today, after the firm lowered its price target to $18 from $21. The equity was last seen up 2.6% at $15.11 at last glance, and on track to snap a six-day losing streak, after earlier slipping to a three-year low of $14.52. Still facing pressure from its 20-day moving average, NLY is down 28.4% in 2023.

NLY 20Day

Amid all this negative price action, the security snuck its way into Schaeffer's Senior Quantitative Analyst Rocky White's list of names that saw the highest weekly options volume in the last two weeks. Per White's data, 120,828 calls and 61,942 puts were exchanged within that period, with the November 17.50-strike call getting the most attention. 

MAO 1030

Calls have been getting picked up at a quicker-than-usual clip over the last couple of months. The stock's 50-day call/put volume ratio of 1.62 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) stands higher than 68% of annual readings, indicating these traders have been buying the dip. 

 

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