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Call Buying Activity Continues in International Game Tech (IGT), Targeting Almost 5% Upside Into Mid-July -Susquehanna

May 30, 2018 3:02 PM

Susquehanna options strategist Alison Edwards notes continued bullish options activity in International Game Tech (NYSE: IGT), as an opening investor bought 5k Jul 26 Calls for $1.45. The investor breaks even in the event of a 4.75% upside move through mid-July. There has been upside steady positioning in the name over the past couple of months (i.e., prior to and since recent earnings weakness) with mainly buying of various Jun and July calls.

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