A $2.5m bullish call spread was placed today on Gold Miners ETF (GDX) at 09:46am PST. The trader purchased 50,000 of September $25 calls and sold the same number of September $27 calls. The spread can potentially generate 308% and turn the $2.5m bet into $7.6m at expiration.
X has been dropping recently but one trader believes that there is more pain ahead for the US Steel. The trader is targeting $16 for the 18 Oct’19 puts.
A new bearish bet was placed on GE today at 07:31am PST by a trader who purchased 10,000 of 26 April’2019. The trader is targeting a $9 strike.
A new bearish options bet was placed today at 08:04am PST on AMD by a trader who bought 4700 17 May’19 $22 puts. The total bet is $225K. This trader expects the price of AMD to fall from the current $22.41 to $18 by mid May (or 20% drop).
Several large speculative bullish bets were made on Amazon on Friday. The traders targeted 8 March and 22 March calls. The total value of the bullish bets is around $3m.
A large bullish trade was placed on QQQ on Friday at 08:45am PST: some trader purchased 20K of 31 Dec’19 calls at the $200 strike paying over $3.5m for this bullish bet. This trader believes that the Nasdaq will end up reaching all time highs by the end of the year.
A trader purchased almost 6K of May $165 calls on Facebook early on in today’s trading session. The total value of these calls is over $4m. This is a new position since the Volume is higher than the Open Interest.
A trader placed a large straddle on GE on Tuesday at 09:35am PST by buying 10K of 15 March $11 calls and the same number of 10K of 15 March $11 puts. The total committed capital is $780K. Clearly, this trader expects the stock prices to move in a big way during the next 3 weeks.
OLED delivered a big break out on Friday. Somebody was buying long-term Jan’20 calls early in the trading session. Overall, this trader bought over $1m worth of Jan’20 calls at different strikes.
Friday recorded numerous bullish option bets on AMRN. One of them was placed early on at 07:43am PST where a trader purchased almost 5K 18 April $20 calls in one lot. Overall, there were over 35K calls bought at this strike by the end of the trading session.