"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

April 02, 2014

Some option activity

There were some very interesting large size trades going off today.  Here's a look

1,000 SSYS June 125-145 call spreads were opened for ~3.30.   The chart here is pretty awesome as it's formed a sideways/falling channel thus far in 2014.



A trader sold LNG Jan 2015 45 puts to buy Jan 65-80 call spreads 6,000 times for .60.  The stock recently broke to all time highs.



CHTR saw September 145 calls opened 1.8K times on the ask.  The chart is nothing special, but this is all about expected news flow.



GOGO is seeing monster call accumulation.  Today the August 21's traded 10,000x at 4.10 and the May 21's traded 3,000x at 2.65.  The timing of this one is interesting as it re-tests a prior lost support line.



SUNE saw October 20-29 call spreads trade 15,000x at 2.42.  The stock continues to consolidate over the 10 week moving average.



Reminder:

All ideas shown on this blog represent the authors opinion based on the data available.