15minoffame
131 posts
msg #140209
- Ignore 15minoffame |
12/18/2017 10:21:54 PM
Big Option Play of the Day!
A near $11 million trade in any stock will have everyone's attention, but when it's for a hardware stock such as LOW, then you best better take note. LOW has been the other sibling to HD when it comes to this type of stock as HD's uptrend has been constant since 2010.
One investor think it's about time LOW get the spotlight as they snapped up 10,000 contracts of the 7/20/18 80 Calls at $10.80. Unlike HD, LOW tends to pullback 2-3 months after similar number of months up. If pattern holds true, it's now due for a pullback, but first quarter earnings is coming up in late February. Break even is $90.80, which is only 3.84% from today's closing price of $87.44. Seasonality show strong February & March so this investor should be able to sell well before expiration for a tidy profit if earnings are strong.
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lavapit315
47 posts
msg #140223
- Ignore lavapit315 |
12/19/2017 11:49:55 AM
@15minoffame
I saw that too and thanks for posting. I Bought LOW Jan19'18 90 CALL @ .95 Sold @ $1.58. Didn't make as much as that guy but profit is profit. Again thanks for posting.
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15minoffame
131 posts
msg #140225
- Ignore 15minoffame |
12/19/2017 12:22:06 PM
@lavapit315
Great job on the LOW trade. I'll take 66% any day!
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lavapit315
47 posts
msg #140231
- Ignore lavapit315
modified |
12/19/2017 2:13:16 PM
@15minoffame
Check out HLF and let me know what you think. It at 1:05:16 - 1:12:07 spread. 3 of 5600 and 3 of 2k
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lavapit315
47 posts
msg #140235
- Ignore lavapit315 |
12/19/2017 3:27:10 PM
@15minoffame
Also LVS calls
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mahkoh
1,065 posts
msg #140237
- Ignore mahkoh |
12/19/2017 3:49:10 PM
CME June 140 puts. I'd say it does look like it might roll over.
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mahkoh
1,065 posts
msg #140238
- Ignore mahkoh |
12/19/2017 4:33:12 PM
LVS goes ex-div tomorrow.
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15minoffame
131 posts
msg #140240
- Ignore 15minoffame |
12/19/2017 5:23:39 PM
@lavapit315
HLF, looks like that Spread was sold. Daily chart looks choppy, but 80 strike is resistance area.
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15minoffame
131 posts
msg #140242
- Ignore 15minoffame |
12/19/2017 7:58:18 PM
@mahkoh
Break even on the CME 6/15/18 140 Puts is $134.40 which on the weekly chart is Oct support and monthly is 8 EMA. Interesting on this very aggressive trade.
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15minoffame
131 posts
msg #140243
- Ignore 15minoffame |
12/19/2017 10:34:14 PM
Big Option Volume Trade of the Day!
It's horrible for your arteries, but one of my favorite burgers is the Baconator at Wendy's. Someone thought the same as they spent $114,375 when they bought 4575 of the 1/19/18 17 Calls for .25. This "big" buy followed a much bigger buy last month of 10,000 2/14/18 14 Calls for $1.10. Today's relative volume to its 90-day average was 8.21 so this should give a hint of what is coming down the pipeline.
Break even is 17.25 which is 6.71% away from today's close of $16.40. It broke resistance today and weekly MACD is having a bullish cross over so the momentum is clearly up. The question is can it run this much in a month's time?
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