Lineage, Inc.Short
Trader takes BIG Bearish Bet in LINE
Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties. I have traded this stock before and made money and in general I like to stick with stocks that I have made money before on. Today, we saw an institutional buy 9,000 LINE April 28 Puts for $.70. This trader has the right but not obligation to sell 900,000 Shares of stock at $28.00 and pays a debit of $630,000 for this right. The chart has been breaking to the downside and trading a LONG Portfolio, I think this is stock that is headed south as it breaks the Ichimoku Cloud to the downside.
The Trade: Buy the LINE April 28 Puts for $.70
Risk: $70 per 1 lot
Target #1: $1.00
Target #2: $1.25
Target #: $1.50
Greeks of this Trade:
Delta: Short
Gamma: Long
Theta: Short
Vega: Long
The Trade: Buy the LINE April 28 Puts for $.70
Risk: $70 per 1 lot
Target #1: $1.00
Target #2: $1.25
Target #: $1.50
Greeks of this Trade:
Delta: Short
Gamma: Long
Theta: Short
Vega: Long
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.