Trade Of The Week: SQ

This past week, there was quite a bit of options action in Square (SQ). SQ has been a popular stock over the past year or so as one of Cathie Wood’s largest holdings in her ARK funds. The company is known for its payment processing business and also for its buy-in to the cryptocurrency industry. SQ has received positive attention lately from analysts and financial news outlets for its expansion into international markets. One large block trade last week involved purchasing far out-of-the-money calls in September.

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