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1,000 Long Term Calls Trade in Gen Digital Inc. (Symbol: GEN)

1,000 Long Term Calls Trade in Gen Digital Inc. (Symbol: GEN)

OptionWatch:

Posted May 6, 2025 at 11:15 am

Jeff Praissman
Interactive Brokers

This morning 1,000 Gen Digital Inc. (Symbol: GEN) January 16 ’26 31 calls traded for $0.85.  The investor sold the calls with the price of the underlying trading at $25.39. The calls are a 25 delta, so the trade was the equivalent of 25,000 shares of stock.

The investor may be selling covered calls against a long stock position to take in extra income speculating that GEN will trade below 31 in January.

GEN is currently trading at $25.67. GEN has a 52-week high of $31.72 and a 52-week low of $19.38.

GEN is currently trading at $25.67. GEN has a 52-week high of $31.72 and a 52-week low of $19.38.

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

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