Concerning "calls and todays surge" post by thekindaguyiyam.
It is my understanding that calls are purchased by shorters as insurance and puts by the longjohns for the same reason. If true then a large call purchase would imply that the purchaser was actually a shorter. Any thoughts or knowledge on this.
If you look at the weekly 52.00 and 52.50 calls they are trading today at a price for Friday of 53.60-53.89. That could change in a minute tomorrow but that's what the close of those options are at today. MPEL took the spot light today because they have'nt traded it over in China for the last couple of days. Tomorrow may be our turn.