This morning a trader paid $1.00 for 960 Marsh and McLennan Companies, Inc. (MMC) February 17’23 190 calls. The open interest was under 20 contracts at the time of the trade so this represents an opening trade in a five delta call $20 out-of-the-money indicating there may be a large upside movement in the stock prior to expiration. One catalyst may be the January 26th earnings release.
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