Checking Out Qlik Tech (QLIK)

A small buyer of 400 OTM November 45 calls this morning for $1.35 ASK when the bid on these was $1.00. QLIK is a name that has large bulls holding in high open interest in November 36 calls, Jan’16 40 and Feb’16 37 calls. Also a name that frequently sees traders roll calls up and out.

QLIK reported earnings on July 23 which led to Summit, Jefferies and Cowen increased price targets as high as $50, primarily driven by sharp acceleration in licensing growth from mid teens in Q1 to +29% y/y in Q2. Summary from BAML: