Failed to notice this prior to closing. :(
Some big boy option trading firm expecting an explosive move on TEVA post earnings.
a total of 8307 Long Straddle Spread contracts were executed for a price of $3.65. That's approx = $3,000,000. For those who needs a further explanation, This is a non directional bet (either bullish or bearish) for the stock to open above $61 or below $54 by the end of next week.
Expected move is only $3.00
Some big boy option trading firm expecting an explosive move on TEVA post earnings.
a total of 8307 Long Straddle Spread contracts were executed for a price of $3.65. That's approx = $3,000,000. For those who needs a further explanation, This is a non directional bet (either bullish or bearish) for the stock to open above $61 or below $54 by the end of next week.
Expected move is only $3.00
Note
Although it opened up within the expected move. (Profitable), Its working its way to fulfill the some confident traders ambition. I guess.
Note
Just to clarify on How I know this was a long position. --- Scan for Unusual options volume 3:00pm - 4:30pm
--- Options Tape Reading. Executed price, Bid / Ask and Volume. And ofcourse Strike Price
Uday C Santhakumar
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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.
Uday C Santhakumar
Related publications
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.