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SPDR S&P Homebuilders ETF Message Board

  • a1adauntless a1adauntless Apr 22, 2010 10:20 PM Flag

    Institutional Option Buying On Thursday

    All-

    If you look at the options sites (yahoo or option monster) you will see that on Thursday somebody BOT 21,000 contracts CALLs on XHB for Jan 2011 about 11,000 $22.50 and 10,000 for the $20.

    THAT'S INSTITUTIONAL MONEY!!!!!!!!!!!

    The cost of those had to be about $2M to Buy to
    open. Those 2 transactions alone are for 2M shares, and the open interest for the 2 strikes is combined 6.5M shares - or over one average week - at an expected price of 22-23.

    And volume Thursday was 3 times normal.
    THAT IS INSTITUTIONAL $$$$$$$ !!!!!

    I am LONG 50,000 CALL shares.

    Dauntless

 
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