Option buyer goes long on Signet Jewelers
A trader made a bullish bet Thursday morning on on a long-term rally in Signet Jewelers (SIG). So far today, 3,594 contracts of the Jan. 2020 call have changed hands, against open interest of 104 contracts. Today’s volume includes a single trade of 3,567 contracts that crossed the tape at 11:07 this morning. That trade moved high in the spread, and so far, serves as the high print of the day, indicating it was initiated from the buy side.
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About Signet Jewelers Limited
Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are the Sterling Jewelers division, the Zale division, and the UK Jewelry division. The Sterling Jewelers division consists of the stores which operate in malls and off-mall locations as Kay and Jared. The division also operates mall-based regional brands and the JamesAllen.com website. The Zale division consists of the two reportable segment, Zale Jewelry, and Piercing Pagoda. The UK Jewelry division consists of the stores operating as H.Samuel and Ernest Jones. It has business operations in the US and other countries and derives key revenue from the Sterling Jewelers division.