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Organovo Holdings, Inc. Message Board

  • landofmilkandmoney landofmilkandmoney Sep 5, 2013 10:02 AM Flag

    100 call option block buy. $19K bet

    Yesterday there was a 100 share block of call options purchased for the Feb $5 strike at $1.90 per contract, which was the asking price

    Thats a $19K option bet, which is significant buy for a small cap with a wide option spread. Option traders understand what im saying.

    This is a bullish indicator. It is usually someone in the know that places high risk, high reward bets like that, not traders. Experienced traders understand that options activity often foretells the future price.

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