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Jan 14 calls
#1

Hi folks- Look at the Jan 14  110 and the 145 calls !!

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#2

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.

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#3

(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!!

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#4

'katytrader' pid='31882' datel Wrote:

'kkozkkoz' pid='31880' datel 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!!

Thanks guys for your additional information . Happy New Year to you,too !!

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