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1,500 Calls Earnings Expiration Calls Trade in Designer Brands Inc. (Symbol: DBI)

1,500 Calls Earnings Expiration Calls Trade in Designer Brands Inc. (Symbol: DBI)

OptionWatch:

Posted May 14, 2024 at 10:45 am

Jeff Praissman
Interactive Brokers

This morning 1,500 Designer Brands Inc. (Symbol: DBI) June 21 ’24 11 calls traded for $1.45. This was an opening trade since the open interest this morning in the DBI calls was 170 contracts. The calls are a 31 delta, so the trade is the equivalent of 46,500 shares of stock.

Earnings are expected to be released the week of June 3rd so this may be an earnings play. In the past eight earnings cycle DBI has had mixed results compared to estimates.

DBI is currently trading at $9.57. DBI has a 52-week high of $13.09 and a 52-week low of $6.09.

DBI is currently trading at $9.57. DBI has a 52-week high of $13.09 and a 52-week low of $6.09.

Source: IBKR TWS. Past performance is not indicative of future results

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