Some big institutional trading firm knows something about FMX stock and is likely trading on that information. Here is why we say that.
We have bullish options flow in the stock on October 8, 2020.
Make sure to review this lesson on options trading so that you understand the chart above.
We also have unusual dark pool activity in the FMX stock.
Make sure to review this lesson on dark pool trading so that you understand the chart above.
The price of FMX stock immediately rose after the dark pool print which suggests the dark pool order was a buy order.
The bullish options flow also supports the idea that the dark pool order was a huge buy order as an institutional investor also went bought call option sweeps with a $65 price target.
The really mysterious thing is that there is no news on that explains this activity so somebody on the inside knows something that the public doesn’t yet.
The last press release was on October 7, 2020, that reads:
Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) is pleased to invite you to participate in its Third Quarter 2020 Conference Call that will be held on:
Thursday, October 29, 2020
11:00 AM Eastern Time
(9:00 AM Mexico City Time)
Eduardo Padilla, Chief Executive Officer of FEMSA, will host the call and discuss FEMSA’s Third Quarter 2020 financial results, followed by a question and answer session. The quarterly results will be released on October 28 after markets close.
To participate in the conference call please dial
Toll Free US: (800) 263 0877
International: +1 (646) 828 8143
Conference ID: 2585646