Usually when you see this on a stock someone has strong inside news that at stock is going to go up strong>look at the may 32 calls>amazing volume spike>15k contracts>more than 3 times the open interest for all the may call contracts> at the close on 3-20>does anybody have any ideas> you see this type of play right before a buy out or strong news coming about a stock> on lz you saw this the week before the buffet buyout>
running out of time for those may 32 calls to make money, that half million dollar bet got me excited, just couldnt believe someone that really had information would do that though as it is a sure target for a SEC investigation.
It is interesting that the open interest in may 32 continues to grow now up to 17000 plus contracts, the 15000 contracts was a half million bet, it sure does make one wonder with only 3weeks and a couple of days left what is in the making.
whoever bought those options felt the good news was coming before mid may. very interesting thanks for the post and bringing it to my attention, it will make me do a spread trade tomorrow in this stock, have a core holding of 5k shares but will do a june spread with this information as this is not a small player, you are talking 1.5M shares worth of options.