Options Traders Bet $6.8 Million on Short Call Diagonal Spread for First Horizon After Earnings Pop
First Horizon (FHN) saw a 1.84% rise after better-than-expected Q2 earnings, leading to above-average trading and options volumes. Options traders are betting heavily with a short call diagonal spread strategy involving $6.8 million in the Nov. 20 call option.
Tickers: $FHN
Topics: earnings options volume stock price movement trading strategies