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Bullish Options Activity Continues in International Game Tech (IGT), Targeting Gaming Expo Next Week & Earnings in Mid-Nov as Upside Catalysts -Susquehanna

October 2, 2018 2:59 PM

Susquehanna options strategist Alison Edwards notes bullish options activity in International Game Tech (NYSE: IGT), as investors purchased 8k Apr 23 Calls for $1.20 and 1k Nov 20 (.45d) Calls for $1.10, continuing what's been mostly bullish flow for months now.

Investors are currently long ~25k Oct 20 calls, and there are bullish positions in the Jan options. Upcoming known catalysts include next week’s gaming expo in Las Vegas, and earnings in mid-Nov.

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