A?keen-eyed listener on Options Oddities pointed out this trade. If you haven’t listened to our show that only looks at unusual activity, check it out.
Ticker: RFMD
Stock trading $13.50
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– Paper bought 9810 Jan 14 calls for $.70. The trade went up in one block with the print coming out of sequence when the market was showing $.65-$.70.?
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– OI on the strike is only 1472 so this is clearly an opening trade.?
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– IV increased on the strike as a result of the buy jump from 43 to 45
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– There were no signs of stock going up tied to this options trade. ?
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– All signs point to this trade being exactly what it appears to be – an aggressive opening call purchase from a trader who is extremely bullish RFMD in the near-term. Stay tuned to The Options Insider and RFMD to see if he’s on the right track or if he just wasted $686,000 on a speculative flyer.?