Are you saying they were sell-to-open trades? The OI has now risen to 3342. What do you think the trader's intent was for this trade?
Take a look at the July 11.5 / 12 call spread which you might be able to buy for around 0.13
This would give you a potential 3X profit.
The July08, 28 calls are going for 0.01/0.05 If the market stays flat for a week, your July15 calls will become nearly worthless. The spread may have a better chance of success. Perhaps, try both strategies.
There was some significant activity today in the Jan2018, 1.00 calls. I am guessing today's volume was a sell to close rather than a buy to open. Since the ATM time premium for a Jan2018 call is around 6.00, there is probably an advantage to owning a DITM call rather than shares.
If this acquisition does go through, the time premium portion of the options would be wiped out. This is assuming that the options will not be converted to adjusted options. Is anyone considering shorting OTM SCTY options?
"Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes, reports Reuters."
"When all is said and done, about $1.3 billion more will be sold in Apple shares at the market close on Friday, when the reconstitution of the Russell indexes takes effect, according to an analysis by Credit Suisse."
is a recent article available for free online from Bloomberg magazine. It explains how the Xeon chip is made. An interesting article everyone should take a look at.
You may be correct. Pete and Jon Najarian just announced on CNBC that they had closed out their long UVXY position yesterday.
How about selling short the Jan2018 150 puts. The bid for these is 1.15
This is still a risk since the acquisition will have to be approved by the Gov. Assuming it is approved, the OTM option premiums will collapse when the deal is done.
1400 of the Jan 2018 1.00 calls just traded for 9.35
What do you think their strategy is for this trade?
Filling the 104.35 gap will be the next target. Looking at the price action on March 1 when it last crossed above 100, this could happen within the next few sessions.
Looking at the Sept 15/16 call spread for 0.25 or the Sept 16/17 call spread for 0.20 as a hedge.
The profit would be good but would still require some timing to try and catch a market correction.
Did the rate increase in Dec cause the subsequent market correction? BAC corrected more than the market did. Do you think the next rate hike is going to cause another correction?
You are right. The FTC is sick of this case. There will be a settlement and that will be the end of it.
Has Tesla ever considered partnering with another auto maker to manufacture the Model 3? The other auto maker could make everything except for the electric motors, the batteries and the electronics, which would be made by Tesla. This could be a sure way for them to meet their price and date targets.