do i read it right? (from amtd). anybody else read the same thing? this is not a spread, stangle ... it is a outright buy.
That was a hedge fund.Those shares will get called away when options expire in May. The fund effectively sold 100,000 shares at $ 30.90
The open interest on that May 25 call after this trade is at 691 open contracts. That seems to suggest that somebody actually closed out their open position.
There is no such thing as an outright buy.For every buyer there is a seller.