'Notable' Call Buying Volume in Chegg (CHGG) Targets 64% Upside in Shares Through January 2020 -Susquehanna

May 3, 2019 2:52 PM

Susquehanna options strategist Alison Edwards highlights call buying activity in Chegg (NYSE: CHGG), as an opening investor bought 7k Jan 60 Calls. This investor opens upside exposure through mid-Jan, breaking even on a 64% rally in the underlying. This is notable volume vs. an ADV of 1,200 contracts/day.

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