Call Buying Activity in Newell Brands (NWL) Targets 12% Upside in Shares Through June -Susquehanna

Susquehanna options strategist Alison Edwards notes call buying activity in Newell Brands (NASDAQ: NWL), as an opening investor purchased 6k Jun 25 Calls for $1.85, in small lots throughout the morning.

Given the small lot flow, there may be some follow on flow leading to a smaller change in open interest tomorrow than the volume may otherwise indicate. The opening investors express sentiment that stock has increased upside above $25, breaking even on a 12% rally in the underlying.

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