A customer sold 35,000 of the TJX Feb 45 calls starting at a price of 0.55 selling all the way down to 0.45.? This was against an open interest of fewer than 500 contracts.? This is an opening trade where it appears the customer is legging into a buy write against an existing stock position.? Customer would yield 1.47 against the stock currently trading 44.00 dollars if the calls expire in the money, over 3%.? This trade has sent TJX IV plummeting to near its 52-week lows.?
The TJX Companies, Inc. operates as an off-price apparel and home fashions retailer in the United States and internationally.