15minoffame 131 posts msg #140278 - Ignore 15minoffame |
12/20/2017 10:53:18 PM
Big Option Play of the Day!
Two days ago I mentioned a nearly $11 million buy of the LOW 7/20/18 80 Calls for $10.80. The option closed today at $13, a 20% gain in only two days. Not content with this massive buy, today saw even a bigger buy! This time it's $12.2 million! Not sure if it's the same investor but this buy was for the same 7/20/18 80 Calls for $12.20.
I don't remember the last time I saw two $10 million buys in the same week in a non tech stock. This is truly almost unheard of. Break even is $92.20. LOW closed at $90.19 so it's almost already in the money. The monthly chart looks tasty. It's breaking out and just had a bullish MACD X-Over. The last such cross over in Oct 2014 saw the price move from $57.20 to a high of $76.25, a gargantuan 33.3% return! Trust me when I tell you this is the nearest certain profit trades you're ever going to see. Big boys and girls will not allow themselves to lose on one $10 million bet, much less two!!!
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shillllihs 6,089 posts msg #140282 - Ignore shillllihs |
12/21/2017 1:17:27 AM
Hey thanx 15.
So tell me, what kind of games do they play to insure their results, and they must have some kind insider info right?
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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 170 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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