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SPDR S&P Homebuilders ETF Message Board

  • a1adauntless a1adauntless May 13, 2010 1:12 AM Flag

    50,000 CALL contracts on WED 5/12

    If you check your favorite Options site you will see that a total of almost 50,000 CALL contracts changed hands on Wed 5/12. That's 5 MILLION shares. (Not 5 BILLION!!)

    Most of the action was in May/June $20 strike price, with the June 20s selling for .46. So somebody has bet a boatload of money the XHB will be above $20.50 by the June expiration.

    And 50 million shares in a bet are NOT Mom&Pop or You&Me.

    I'm VERY LONG .....and likin' it.

    Good Luck.
    Dauntless

 
XHB
35.95+0.60(+1.70%)Apr 24 4:00 PMEDT