Got to be a real joker out there. Over 10,000 of the april 5 calls bought at a nickel. Now, why not buy the offer of the 4' s or 4 1/2 calls? Because their is no size to buy. In fact its an even up market in both of those strikes at a nickel. Very unusual and interesting.
That rag option monster just commented(late again) on size trade. They seem to discount large buy due to OI. The implication is that trade was a short closing a position. Easy to find out money when new oi is posted. Either way, still bullish/
It's not bullish if a big firm is just trading options with it's subsidiary to spike the data. For example Knight capital owns EDGE trading. Trading between the 2 will show open interest and volume, but there is no net position. This drums up trading volume in the stock and they will make their money scalping/dumping there.
(I mention EDGE because they are often on the inside of the bid/ask for this stock.)
Also, I believe they could just make up the data, and no one would be the wiser, because the trade was internal. No one has yet come up with an explanation for those 13,000 or so missing Apr 2.5 call options. They just disappeared. They were way out of the money and there was no volume spike in the options or the stock.
I have noted this kinda thing in the past in this stock. Where huge blocks of stock option trade but there is no flutter in the stock price or the options. The "size" isn't available, but the transactions go off anyway.
Now throw some paid pumpers and haters into the mix to get the sheep running to an fro, Here we are.
i was thinking the same thing! what can be the explanation for that?? why buy $5 calls at a nickel when you can even buy $3.50 april calls for a nickel?? Maybe the size wasn't available? anyone care to comment???