$UXIN Bullish Options Activity

19 בדצמ׳ 2018

UXIN Chinese used car e-commerce platform Uxin saw bullish unusual options activity today with about 5.5k $4.00 strike (deep ITM) Feb'19 calls traded for a total premium of about 3M against OI of under 1k.

Uxin recently announced that it had entered into a partnership with the world’s largest online marketplace Taobao (owned by Alibaba BABA). The stock is approaching its all time high just under $10.50 after a 15%+ gain today. Expecting some resistance around the prior high then a turn back up to fresh highs by mid to late January.

Based on Fibonacci levels, next target after retaking $10.50 will be about $12.50



Note: Informational analysis, not investment advice.