Paper bought multiple lots of the Jan 2017 25, 26, 27, 29, and GG 30 calls electronically through the system.?
Goldcorp Inc., trading 16.00, is seeing call sweeping in multiple strikes.? The stock, with an ADV of 15,329 and OI of 451,750 contracts, is seeing traders buy the Jan 2017 25, 26, 27, 29, and 30 calls electronically through the system.? The largest prints were 4,077 Jan 30 calls bought for .11; 2964 of the Jan 29 calls bought for .12; and 2,500 Jan 25 calls bought for .21.? On the day, 5,600 of the 25s have traded; 6,300 of the 27s; 5,500 of the 29s, and 5,000 of the 30s.? All of these trades were intermarket sweeps with the customer chasing after deltas.
This may be a customer who wants as many far out-of-the-money GG calls as possible. It could be a way of getting upside exposure to the underlying.? The customer likely could have found much more value in other spots, but this appears to be his or her preferred route to get long.
This trade is bullish GG and aggressively bullish GG volatility.