Clear Channel call sale represents 2M share position. Notable block print on the PHLX at midsession today where a trader sold 20K June 2 calls for 45c, outright, to open a new position struck 6c below spot at the time. Block size is 100x the average daily volume in the name and will quadruple open interest. Earnings end of the month, shares have doubled in price since early Nov.
Published first on TheFly
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