11-16-2013, 05:02 AM
(This post was last modified: 11-16-2013, 05:03 AM by katytrader.)
(11-16-2013, 04:51 AM)kkozkkoz Wrote:I say that this morning about 10:00, it looks like someone likes the bullish call spread all the way to 145. I like it.
The numbers make it fun. It was a spread in which 4168 calls at $110 were bought at $3.45 and a like number of the 145s were sold for $0.60. So cost nets to $2.85 and if you do the arithmetic (without brokerage) it is a bet of $1,187,880 that IOC clears $110 in two months. Happy New Year!!