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Barchart
Barchart
Will Ashworth

Unusual Options Activity: Institution Bets Big on XP With Moonshot Bull Call Spread

Brazilian financial services platform XP (XP) had a big day in the options market on Wednesday, with volume of 251,277, nearly 13 times the 30-day average. Meanwhile, XP's share volume yesterday was more than a million below the 30-day average.

Wednesday’s unusual options activity provides a clue as to why XP’s options volume was off the charts, the stock’s highest daily volume in the past two years.

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