Stock options volume scandal

Stock options volume scandal

Author: blak On: 05.07.2017

Cempra Inc, Ionis Pharmaceuticals Inc, and LendingClub Corp. Burlington Stores Inc, Genesco Inc, and LendingClub Corp.

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LendingClub Corp LC call volume hit an annual peak on Wednesday. Stocks quoted in this article: It's been a wild week for the shares of LendingClub Corp NYSE: LC , after the consumer lending firm's CEO abruptly resigned following a highly publicized loan scandal.

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Since last Friday's close, LC stock has plunged Against this backdrop, LC stock volume hit a week high of roughly 96 million shares traded on Monday, while options volume has exploded , topping out at an annual peak of , options traded yesterday. Most active by a mile was LC's June 4 call, where , contracts traded.

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Open interest surged by 88, contracts overnight, making this the top open interest position on the stock -- with 88, calls currently in residence. Also receiving notable attention was LC's October 4 call.

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However, Trade-Alert suggest this may be part of a larger covered-call strategy , as one LendingClub Corp NYSE: LC shareholder attempts to dull the pain of the stock's recent spiral. Welcome to Schaeffer's Investment Research!

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stock options volume scandal
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