Mar. 16 at 9:09 PM
$FIX popping 3.6% today and looks like traders are gearing up for some action
Saw a big strangle buy with 200x Mar-20 1300 puts and 1520 calls
Means someone's betting on a big swing by Friday
All in with ~
$404K so watch out for short-term volatility
Despite the jump, fundamentals are still bullish
Dividend hike and Strong Buy ratings with a target that suggests 12% upside to the
$1,574 consensus
Feels like the smart move is sticking with defined risk plays like spreads or condors instead of chasing those short-term calls
Keep an eye on it