ZUMZ – Zumiez, Inc.
On Friday January 25th, there were two block purchases on the February 22.50x calls for ZUMZ. In the morning a trader purchased 1,100 contracts at .44 totaling $48,400.
25 minutes before the close a trader did a calendar spread with the February 22.50x calls and the March 25x calls. He purchased 1,000 contracts at .70 on the February 22.50x calls while selling 1,000 contracts at .45 on the March 25x Calls.
This strategy is looking for a move up above $22.50 but not higher than $25.
ZUMZ gained 6.5% today as the calls got to as high as 1.25 x 1.30 from Friday’s close at .70.
Calls gained 78.6% at the highs.