mahkoh
1,065 posts
msg #140771
- Ignore mahkoh
modified |
1/9/2018 3:45:30 PM
Not from Chameleon but from my IB "Hot by option volume" scan:
TGP Feb 17.5 puts. 2 blocks of 6000 contracts bought for $0.20, 1 at 9:50 hrs and 1 at 15:25 hrs with the stock at 20.65. Assuming this was the same trader this is "only" a $ 240.000 investment, yet noteworthy for a play that needs the stock to drop over 15% in 5 weeks to reach breakeven.
c1916, well done! But for the stocks mentioned overall it has been a mixed bag.
TWX has done nothing so far
MAR up 1.34%
DDD and BABA went nearly 8 % and 5% in the opposite direction.
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15minofPham
171 posts
msg #140779
- Ignore 15minofPham |
1/9/2018 4:52:03 PM
This was the first day this year my portfolio was faded mercilessly. Thankfully, I jumped on $GILD 2/16/18 77.50 Call when there was a nice flow at 75 & 77.50 when stock price was mid 76s. I see now there's flow at 80 too. It finally broke out after going sideways for two months. I'm currently up 57% so here's hoping it goes to $80.
Sold my RIG 2/18 11 Calls for 229% gain. On the other hand, FCX, MOMO, MU, NRG went down hard so I'm at -30% on these trades. The latter expires next week so unless it recovers tomorrow, I'll sell it for a loss. The others have Feb & Mar exp.
Big Option Trade of the Day - KODK
Kodak has been a dead stock for years now, just like its antiquated film technology. It got punished when it was last man in adopting digital. CNBC then came out with a story that Kodak is joining the Crypto craze by having its own KodakCoin. Just like that options volume went from boring for years to 195% its 90-day avg volume.
Massive Calls volume seen at the 1/19 7.5 (buying started at .30) & 10 (.40) strikes, 2/16 7.5 (.40) & 4/20 12.5 (.30). Stock was in the low 3s when the CNBC story came out. I'm thinking the pump & dump should last another day or two. I might do a day trade tomorrow if it's above its 15 or 30 min range. This will undoubtedly move & faded fast so stay away if you have a weak heart!
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15minofPham
171 posts
msg #140780
- Ignore 15minofPham |
1/9/2018 6:50:42 PM
Glad you're back mahkoh!
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roca1018
163 posts
msg #140783
- Ignore roca1018 |
1/10/2018 6:02:03 AM
Also MANH looked good briefly then fell hard yesterday
Rich
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15minofPham
171 posts
msg #140787
- Ignore 15minofPham |
1/10/2018 9:49:07 AM
Rich,
Looks like they sold their MANH Jan 55 Calls, but Feb 55 OI still showing a lot of volume so it hasn't been sold yet. It needs to bounce back quick because it's down now to basically break even of purchase $1.55. Its high was $2.40 on 1/5.
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mahkoh
1,065 posts
msg #140817
- Ignore mahkoh |
1/10/2018 4:11:22 PM
Wow KODK!
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johnpaulca
12,036 posts
msg #140818
- Ignore johnpaulca |
1/10/2018 5:11:15 PM
KODK($10.70)...puts anyone??
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johnpaulca
12,036 posts
msg #140819
- Ignore johnpaulca |
1/10/2018 5:13:43 PM
July $7.50 puts for 0.50 or less
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15minofPham
171 posts
msg #140821
- Ignore 15minofPham |
1/10/2018 7:02:01 PM
As expected, KODK gapped up to as high as $13.25 before meandering the rest of the day down to the $10.70 Close. I didn't jump in as it never broke its initial 30 minutes high. The Jan 10 Calls finished +208%, but went as high as $4.50 in the first 5 minutes for an intraday +650%! Jan 12.50 finished at +186%, Apr 12.50 115%. Its option volume today was still 99.50 relative to its 90-day avg so I'm thinking this pump is not quite done yet. However, its order sentiment was only 52% compared to its 30 day avg of 79%. This gives me caution that a lot of investors took profits and not too many new Calls at the Ask. The Feb Puts to Calls volume today was 4-1 so if it breaks today's low of $10.10, JP Puts will pay him handsomely.
Big Option Play of the Day - TGT
Target closed above $70 for the first time since Nov and an investor thinks it will retest its high of $78. A premium of $1.3 million was laid out for 8383 of the 3/16 75 Calls for $1.62 with stock at $70.91 and total Calls volume at this strike was nearly $11K. Order sentiment of 72% isn't the most exciting, but it's well above the 30 day avg of 56%. Break even is $76.62 which would put it at resistance.
Monthly chart show bullish MACD crossover and close above the cloud. Of course with earnings season upon us, one must be aware of the date which in this case is 3/6 which is plenty of time for this trade to play out. Keep an eye on OI to see if these Calls are sold beforehand. If not, then the final target could very well be $80.
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lavapit315
47 posts
msg #140828
- Ignore lavapit315 |
1/11/2018 5:19:32 AM
Well, KODK premarket is down about 13%. I bought the 19Jan 10P @ 1.81 yesterday so should look good this morning.
I'm not really sure how to explain this but its something to look out for and it would be interesting to know if it applies to some of the trades @mahkoh mentioned. I wish I had the trade info. One was AGN where there were a lot of Deep ITM PUTS and it went up. There was another one where it had a lot of deep ITM calls and the next day it was down $3.
Now if you look yesterday for KODK there was a large ITM Call and today stock is down. Doesn't make sense but..........
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