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