{
  "id": 10511678,
  "title": "Terex options: large bull call spread targets 17% rally by November",
  "url": "https://urgent.news/2026/09/28/terex-options-large-bull-call-spread-targets-17-rally-by-november",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T18:52:42.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/terex-options-large-bull-call-spread-targets-17-rally-by-november-93CH-4921014"
  },
  "original_language": "en",
  "account": "Investing.com reports that a significant options trade in Terex Corporation (TEX) highlights the market's confidence in a potential rally. The single, coordinated action involves a bull call spread on 10,000 contracts, executed at a time when the stock price has fallen 2.77% to $55.74 per share. This strategic move suggests that the trader believes a temporary dip may be short-lived, with a target for a 17% increase by November's expiration.\n\nInterestingly, this bull call spread, characterized by near-zero open interest, is a new, institutional-sized position, not a hedge on existing exposure. The $50 calls are already in-the-money by approximately $5.74 as the stock is currently at $55.74. The trader caps their upside potential at $65, implying a target of about 17% rally from the current level by the expiration date. In terms of profit and loss, the maximum profit is attained when the stock price exceeds $65, while the maximum loss is limited to the net premium paid.\n\nThe vol metrics also provide interesting insights. The RSI on both daily and weekly timeframes is at 33.3, indicating an oversold condition. Similarly, the MACD is at -1.97, and the StochRSI is at zero, further reinforcing the oversold sentiment. The weekly pivot support is at $55.03, with deeper support found at $52.74. The trader's confidence in this strategy is conveyed through the bullish setup, with the $65 weekly resistance level being precisely where they capped the trade, demonstrating thorough research and understanding of the price range.\n\nOn the downside, strong sell signals across various timeframes suggest that momentum is not in the trader's favor. A break below the $55.03 support level could exert significant pressure on the in-the-money $50 calls. Additionally, the put/call ratio stands at 10,004 calls compared to 18 puts, further highlighting the conviction behind this bullish position. Lastly, the fresh open interest on both legs of the spread indicates that this move is not a hedging strategy but rather a direct bet on TEX's upward movement.\n\nThe involvement of an institutional player in this trade, despite a 3% decline in the stock price on the day, underscores the significance of this move. Whether this is a well-informed decision or simply aggressive trading remains to be seen by November 20, the options expiration date. This trade has been AI-generated and reviewed by an editor, ensuring accuracy and clarity in the information presented.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}