NYSE:SPG   Simon Property Group, Inc.
$SPG Oversold at Support - Bullish Options Activity

Falling wedge into uptrend lower channel support line - expecting a break of the wedge to the upside near term.

Medium Term Target: $95.00 by mid-Sept

Bullish Options Activity Today:
1,100 $130.00 strike (deep out-of-the-money) Jan'2022 (18 months from exp) calls traded today for a premium outlay of ~$500K

With Friday's closing price of $60.57...this stock would have to more than double from here for these calls to finish ITM. This options trade is a big bet on a post-COVID retail/malls recovery.


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