15minoffame
131 posts
msg #140292
- Ignore 15minoffame |
12/21/2017 12:15:10 PM
A lot of the big buys are based on their algo programs sensing a breakout/support. Some based on "inside" info about impending buyouts/earnings. Like I've mentioned before, if you can find a massive block of options at support, it's almost a 100% win. This is their way of backing up the truck!
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mahkoh
1,065 posts
msg #140295
- Ignore mahkoh
modified |
12/21/2017 2:28:51 PM
TWX, 15 mln worth (30 K) of July 95 calls bought. It look like a multi legged trade where also 30 K 105 calls and 82.5 puts were sold to finance the trade. Great feature of the site is that you can create a watchlist for a stock and then rerun the scan for only that stock. For future reference, the underlying traded at 91.66.
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15minoffame
131 posts
msg #140298
- Ignore 15minoffame |
12/21/2017 2:55:49 PM
Good eyes Mahkoh!
TWX trade is textbook Buy-Write to finance the trade. The key is the $15.6 million of the 7/20/18 95 Calls for $5.20. Break even is $100.20. The investor is telling you that this is a no brainer, but they don't think it will go above $105 as they sold the Calls. This trade is screaming for you to buy the 7/20/18 100 Calls, currently going for $2.96.
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15minoffame
131 posts
msg #140306
- Ignore 15minoffame |
12/21/2017 11:05:21 PM
Big Option Play of the Day!
This is more like filed under unusual options volume. Canada Goose (Goos) manufactures high end outer winter wear such as Parkas. Their parkas, while legendary ain't cheap as they go for $1000! Just like their clothing that keeps you warm & cozy, their stock has done the same for their investors of late.
With winter beginning today, an investor thinks the stock is just heating up. They spent nearly $272K on 1875 of the 1/19/18 28 Calls for $1.45. That big purchase helped the stock achieve a relative volume ten times its 90 day average.
Break even is $29.45 which after a big day it's nearly there. The option is already at $2.35 giving the investor a 62% return. No doubt, like John Paul, this investor can afford one or two of the Parkas!
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lavapit315
47 posts
msg #140330
- Ignore lavapit315 |
12/22/2017 2:24:29 PM
Looks like more today
TWX
11:31:07 am 20-Jul-18 CALL 97.5 18,600,000 BuyWrite
TWX
11:31:07 am 20-Jul-18 PUT 85 12,800,000 BuyWrite
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mahkoh
1,065 posts
msg #140331
- Ignore mahkoh |
12/22/2017 3:04:14 PM
Yes, but with a slight difference; 40000 calls bought for 4.65 and puts and calls sold for 3.20 and 1.45. So apart from transaction costs (although adding up with 3 x 40.000 contracts) this trade paid for itself.
But they will definitely not want it to go below 85.
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lavapit315
47 posts
msg #140342
- Ignore lavapit315 |
12/23/2017 7:48:00 AM
RXDX, The stock was up a lot and saw some Puts being bought for around .10 for $25 strike in Jul. Stock price is 26.85. Question is why does it show no open interest? Thanks for any explanation
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15minofPham
171 posts
msg #140346
- Ignore 15minofPham |
12/23/2017 11:21:23 AM
@lavapit315
The reason is because RXDX was $15 before yesterday's massive gap up so there was no reason why anyone would've bought the July 25 Puts until now. It was just too much out of the money. It's also a stock where the avg daily option volume is quite low.
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lavapit315
47 posts
msg #140353
- Ignore lavapit315 |
12/23/2017 4:02:26 PM
15minofPham
Ahhh, that makes sense. Thanks for your response
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15minofPham
171 posts
msg #140406
- Ignore 15minofPham |
12/26/2017 7:24:48 PM
Big Option Play Of The Day - FCX
FCX has been on a tear since it broke out of its range on December 12. Weekly chart show entire candle above the Mendoza Line for the first time since 10/29/12. Monthly show almost into the cloud for the first time since October 2014. Needless to say, bulls have been pent up for 5 years!
I've been waiting for a pullback but there hasn't been one! Two big million dollar buys occur today even though it was up another 3.15% pushing its daily RSI to the thin air of 84.47. First was for $1 million when 14,503 of the 1/19/18 19 Calls bought at .69. Second was for $1.3 million when 15,592 of the 3/16/18 20 Calls bought for .85. Break even for the first buy is $19.69 and second is $20.85. The Calls volume for the March expiration today was $34.5K, massive for FCX.
I'm in as soon as its within spittin' distance of the daily 8 EMA. At this point, I might be waiting for a long time!!!
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