Unusual Options Activity
We noticed some bullish activity Friday on Planet Fitness (PLNT). So far, the June 67.5 and 72.5 calls have each traded more than 6,000 contracts, outstripping open interest at each strike by a wide margin. This includes trades of 3,201 at each strike that moved as a spread at 10:47 this morning. The 67.5s have been moving high in the bid-ask spread, while the 72.5s have been moving lower. This looks like a bullish debit spread being bought to open.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/shawmedia/OVMCZXPAXFG7LPUI3YBONFPQDE.jpg "Outdoor fitness court at Rotary Park in La Salle to expand exercise opportunities")
