Trade of the Week: DLO

Trade of the Week
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It’s always interesting to see a very large spread trade occur in a stock that doesn’t have a very active options chain. Dlocal Limited (DLO) offers a payment system for emerging markets and generally trades about 5,000 options per day. On one day last week, one spread accounted for 30,000 contracts. It appears to be a long-term call ratio spread which would seem to be quite bullish on the stock price.