Someone just paid .40 per share for the right to buy 15200 shares on Feb 20 for 7.50. Very bullish bet.
That's definitely an interesting bet for FEB calls since earnings isn't until March. Instead, I bought a small chunk of $7.5 MAY calls at .90 yesterday. It seems a safer bet to me.
I noticed ther was some action on the May calls yesterday
Is something else coming down the PR newswire? All that capital should start going to work soon. Would love to know the answer to that question.
I guess it could be a short hedging his bet. Can you imagine being short 15,200 shares of Farmer Mac right now? I can't. No limit to the losses they could take trying to cover.