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Unusual Options Activity thread - Page 11

post #201 of 1633
7/30/12 at 3:45pm
Quote:
Originally Posted by o7media View Post

 

what do you mean?

risking $1.16 to make $2.50 ( max ) back for a total gain of $1.34...

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post #202 of 1633
7/30/12 at 3:49pm
Quote:
Originally Posted by o7media View Post

 

MGM was on OptionsMonster last week. I believe it was on my calls scans last week as well.

 

Here's the OptionsMonster link: http://www.optionmonster.com/news/article.php?page=longterm_bullish_wager_on_mgm_71025.html

 

edit: The largest block today on those 9x puts looks like a 5,000 contract block at the ask of .09 in 1 second. $45,000

 

Thanks for the info, good catch.

 

Not sure what the accompanying catalyst will be for a 5+% move into Friday, LVS and WYNN already reported.  I guarantee I'll sheepishly have an answer for this by Friday.

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post #203 of 1633
7/30/12 at 3:52pm
Thread Starter 
Quote:
Originally Posted by OldFart View Post

risking $1.16 to make $2.50 ( max ) back for a total gain of $1.34...

 

Not sure how you're getting these numbers?

 

How do you figure $2.50 max?

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post #204 of 1633
7/30/12 at 3:52pm
Thread Starter 
Quote:
Originally Posted by jbrand1 View Post

 

Thanks for the info, good catch.

 

Not sure what the accompanying catalyst will be for a 5+% move into Friday, LVS and WYNN already reported.  I guarantee I'll sheepishly have an answer for this by Friday.

 

No problem. Yeah I'm not sure why they're doing it either with earnings next week....

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post #205 of 1633
7/30/12 at 3:57pm
Quote:
Originally Posted by o7media View Post

 

Not sure how you're getting these numbers?

 

How do you figure $2.50 max?

difference in the strikes, minus the debit

 

sold the $12.50

bought the $15

for a debit of $1.16 ( cost to get into the trade )

 

max return = $15-12.50 = $2.50

max profit = $2.50 - $1.16 = $1.34

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post #206 of 1633
7/30/12 at 4:08pm
Thread Starter 
Quote:
Originally Posted by OldFart View Post

difference in the strikes, minus the debit

 

sold the $12.50

bought the $15

for a debit of $1.16 ( cost to get into the trade )

 

max return = $15-12.50 = $2.50

max profit = $2.50 - $1.16 = $1.34

 

But that's not max profit because of the time....

 

The stock could fall to $10 before January and those could be sold for $5.00 ....and it could bounce back up above $12.50 and have the 12.50x puts expire worthless. In that case the trade would have made $5.00 - 1.16 = $3.84 + .66 = 4.50

 

Obviously that's just an example. Maybe I'm misunderstand this since I normally don't do spreads. But the max profit can't be capped yet can it?

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post #207 of 1633
7/30/12 at 4:10pm
Quote:
Originally Posted by o7media View Post

 

But that's not max profit because of the time....

 

The stock could fall to $10 before January and those could be sold for $5.00 ....and it could bounce back up above $12.50 and have the 12.50x puts expire worthless. In that case the trade would have made $5.00 - 1.16 = $3.84 + .66 = 4.50

 

Obviously that's just an example. Maybe I'm misunderstand this since I normally don't do spreads. But the max profit can't be capped yet can it?

yeah it can be capped, for about 99% of regular people...unless you are rich and allowed to do naked options in your account

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post #208 of 1633
7/30/12 at 4:12pm
Thread Starter 
Quote:
Originally Posted by OldFart View Post

yeah it can be capped, for about 99% of regular people...unless you are rich and allowed to do naked options in your account

 

laughing.gif

 

well i don't think most of these trades are by any little guys. these are most likely insiders with some info or the other big boys.

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post #209 of 1633
7/30/12 at 4:18pm
Quote:
Originally Posted by o7media View Post

 

laughing.gif

 

well i don't think most of these trades are by any little guys. these are most likely insiders with some info or the other big boys.

could be, or maybe I misunderstood the qty of contracts....but for most people like us, spreads are capped for sure

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post #210 of 1633
7/30/12 at 4:30pm

One Investor's Bet on Today's Merger Earns 5,600% Return

http://www.cnbc.com/id/48401383

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post #211 of 1633
7/30/12 at 4:32pm
Quote:
Originally Posted by OldFart View Post

One Investor's Bet on Today's Merger Earns 5,600% Return

http://www.cnbc.com/id/48401383

 

Big money trading on insider info - say it ain't so!

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post #212 of 1633
7/30/12 at 4:33pm
Thread Starter 
Quote:
Originally Posted by OldFart View Post

could be, or maybe I misunderstood the qty of contracts....but for most people like us, spreads are capped for sure

 

Quote:
Originally Posted by OldFart View Post

One Investor's Bet on Today's Merger Earns 5,600% Return

http://www.cnbc.com/id/48401383

 

True. Yeah that SHAW play would have been nice frown.gif

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post #213 of 1633
7/30/12 at 4:33pm
Quote:
Originally Posted by jbrand1 View Post

 

Big money trading on insider info - say it ain't so!

Martha?...nah

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post #214 of 1633
7/30/12 at 4:34pm
Quote:
Originally Posted by o7media View Post

 

 

True. Yeah that SHAW play would have been nice frown.gif

with a one way ticket to Costa Rica maybe...SEC is buzzing for sure about that one laughing.gif

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post #215 of 1633
7/30/12 at 4:35pm
Quote:
Originally Posted by OldFart View Post

Martha?...nah

 

1000

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post #216 of 1633
7/30/12 at 4:35pm
Thread Starter 
Quote:
Originally Posted by o7media View Post

Okay I'm a bit confused here on RATE. Maybe someone else can clear this up....

 

I initially thought this was a vertical spread, however both call strikes were bought at the ask....

 

Someone bought the RATE 15x December calls in 2 separate blocks. There were 500 contracts bought within 2 seconds (1:13:26 - 1:13:27 eastern) at $3.20. And about 20 minutes earlier  there were 650 contracts bought at $3.20 within a minute. Both buys were at the ask.

 

Now that same person bought the 17.50x December calls again within 2 seconds at the same time of the 15x calls (1:13:26 - 1:13 27 eastern) at $1.80. Same 500 amount of contracts at the same exact time. And this was at the ask as well....

 

Same  goes for the other block that was 20 minutes earlier, 650 shares at the same exact time.

 

To be a vertical spread the 17.50x calls would have had to been a sale. But these are showing as buys at the ask.

 

Anyone know what's going on this one?

 

 

Well today someone bought 4,300 17.50x August puts on RATE at 1.40 (ask). $602,000.....

 

 

This one should be interesting.

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post #217 of 1633
7/30/12 at 4:36pm
Thread Starter 
Quote:
Originally Posted by OldFart View Post

with a one way ticket to Costa Rica maybe...SEC is buzzing for sure about that one laughing.gif

 

Hey as long as I only copy their trades it's all good koolaid.gif

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post #218 of 1633
7/30/12 at 4:38pm
Quote:
Originally Posted by o7media View Post

 

 

Well today someone bought 4,300 17.50x August puts on RATE at 1.40 (ask). $602,000.....

 

 

This one should be interesting.

tomorrow is earnings for RATE I think...should be pretty wild, unless it's the same person who bought SHAW calls

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post #219 of 1633
7/30/12 at 5:14pm
Thread Starter 
Quote:
Originally Posted by OldFart View Post

tomorrow is earnings for RATE I think...should be pretty wild, unless it's the same person who bought SHAW calls

 

laughing.gif

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post #220 of 1633
7/30/12 at 6:40pm
Thread Starter 

Alright so going over my scans from the past 5 days (as far as I can go back and see the tape) for stocks that I missed that had earnings today....

 

#1. AWI - September 50x Puts. Someone bought 3,000 contracts at $5.80 on the 24th.

 

 

1000

 

AWI missed on earnings. Down over 15% today. Those puts closed at $10.30 x $12.00.

 

#2. HTZ - January 2013 12.50x calls and 15x calls. Someone bought 10,000 contracts on the 12.50x calls at .80. And sold 10,000 of the 15x calls at .25 on July 26th.

 

 

1000

 

HTZ beat on earnings. Only up 3.4% after hours.

 

 

 

 

I'm also seeing EEP on my scans. Not sure when they report though? Etrade and Finviz show July 30th but I don't see any results out yet.... But the October 30x calls were sold. Small block of 1,133 contracts at .35 for $39,655.

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