BUD: Aggressive Bull Sweeping

Aggressive call buying activity was detected on Friday for the Swedish-based beer holding company Anheuser Busch Inbev NV (BUD). Option traders were sweeping April, May and June calls with the 110 strike all at the ask levels. Overall, over $0.5m of call buying took place on Friday.


The chart below shows a large upside potential for BUD. Should the stock price move above $110 level, there is little resistance up to $130-$132 (a potential 20% upside).



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