The Options Insider

Lots of Action in Spider Biotech XBI

by | Jul 20, 2017 | Unusual Activity

Lots of Action in Spider Biotech XBI

  • Shares up 1.5%
  • Paper rolling puts down in the morning
  • Paper trades 12500 XBI Aug 75.0 puts trade $0.75 on bid;?OI=14k – probably closing
  • Paper lifts offer on 12500 XBI Aug 79.0 puts for $1.93;?OI=928 – opening

A few hours later?

  • Paper lifts the offer for 10k more XBI Aug 79.0 puts for?$1.65?
  • Then probably sells 10000 XBI Aug 85.0 calls for $0.70; OI=726
  • And probably sells 10000 XBI Sug 73.0 puts for $0.40 near the bid; OI=330
  • Paper also trades 5566 XBI Jul 74.0 calls for $6.60 near the ask – probably buying; OI=6688