9000 jan. $40 ,2500 in the Jan 50's and 1600 in 3 other strikes. They all look to be buys. Thats a lot of money someone is laying out on a bullish bet.Add another 1700 in Mar.$20.
buying calls on this stock is dumb, just like its dumb to buy calls on VRNG... everyone knows this thing is going to take a lifetime to resolve... just when you think the decision is near... it is gonna take longer and longer... either buy common, or dont buy at all
Just sharing the trades. Selling covered calls has been very rewarding over the past few years due to just what you mentioned. Buying calls has not been rewarding during MOST of the same time frame. If you bought just common over the past 3 years you would have had dead money for 3 years as the rest of the market has had great returns. Maybe a little of every technique would have been the ticket. Thats what makes a market,
Strange trades. So the 2 largest trades of 9000 Jan $40's and the 2500 of the Jan $50's didnt show up today as either a buy or a sell. Other 2 Jans had very little change in Open Interest. The 3000 March and June calls were all bought. I suspect the big Jan trades were some kind of hedging strategy by a big trader or the MM's No offsetting puts were traded so as always a little hard to speculate. As I said its fun but a fools game to try and figure out what this kind of trade is accomplishing
Add another 800 of Mar.$26's and 1340 of the june $27's. these again appear to be more buys . Thats 18,000 calls that most appear to be bought. Maybe the longs are getting more pro active . Maybe the shorts are hedging. In either event its a bullish bet . The most amazing bet is the Jan $40 with someone betting VHC will be over $40 by Jan 18th 2014. Just Their humble opinion.