Copart, Inc. (NASDAQ:CPRT) – Big prints in Copart, Inc. (NASDAQ:CPRT) call options on Friday morning suggests one options player is positioning for shares in the provider of online vehicle marketplaces to rally significantly during the next six months. Shares in Copart, Inc. (NASDAQ:CPRT) are up 1.3% today at $35.81 as of 12:20 p.m. ET. The largest trades in Copart, Inc. (NASDAQ:CPRT)options today were in the Nov $40 and $45 calls, where it looks like one strategist purchased a 7,000-lot bull call spread at a net premium outlay of $1.10 per contract. The call spread starts making money if shares in Copart, Inc. (NASDAQ:CPRT) rally 15% over the current level to surpass the average breakeven point at $41.10, with maximum potential profits of $3.90 per contract available in the event that shares surge 25% to top $45.00 at November expiration. Shares in Copart, Inc. (NASDAQ:CPRT) are up roughly 20% since the start of the year. The company reports third-quarter earnings at the end of May.
Equity Options Analyst
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