OPTIONS EXPIRE TODAY! How much does anyone want to bet that we will close at 85!!???
Option monster on 11/26/2013:
"A big call spread topped yesterday's option activity in Deckers Outdoor as shares hit five-year highs.
optionMONSTER systems show that a trader bought 3,500 December 82.50 calls for $2.25, above the ask price, while selling 7,000 December 85 calls for $1.15. Previous open interest in the strikes were 33 and 66 contracts respectively, indicating that new positions were established.
This ratio spread takes in a credit of $0.05, which will be the profit if DECK remains below $82.50 through expiration in mid-December. The MAXIMUM gain would be realized with the stock right at $85 at that time. Above that level, the trader is effectively short shares."
My guess...upgrades and PT increased move this in the next couple weeks to 90+, then a could downgrades - getting ahead of itself - and it falls back. So Monday I will sell the 86 weekly, but the March 90 calls and hope for a likely pop.
Taper moves this last week obviously have left people with two main options: growth or value stocks with interest rates staying down.
Would have replied yesterday, but reconstructive jaw surgery hampered me for a bit. Nothing like myoplex through a straw for Christmas!