MAC, with ADV of 870 contracts and OI of 21,526, saw a customer sweep over 10,000 Sep 70 calls
Macerish Co., trading 60.37 (up 1.15) with an IV30 of 26.50 and an HV10 of 23.80, saw aggressive call action today.? The stock, with ADV of just 870 contracts and open interest of 21,526, saw a customer sweep (buying on every exchange at the same time) over 10,000 of the September 70 calls for .85.? There does not appear to be stock attached these sweeps.? This trade was opening.
This appears to be a customer who wanted to make sure they got these calls in hurry. Despite the stock being rarely traded, the customer was willing to lift the offer aggressively.? The customer seems to think the stock is going to be making a hard move up at least 15% between now at September.? These break even at expiration at 70.85 a 10.50 increase from the current price.
These calls are aggressively long the underlying and volatility.