| | | | Even though this order hit Last Wednesday, I like it for three reasons.
#1. The stock is only trading for $65 bucks and they bought the 70 strike calls.
To me, this means the buyers expect the stock to rally at least $5 in the next 30 days.
That could have a pretty big impact on the option pricing.
#2. The size of the order is overweight for a stock like MRVL.
$2.4 million is a lot of money
#3. It’s a chip stock and as of lately they’ve been moving quite aggressively.
Now, obviously you can do what you want with that information…
I cannot promise returns or against losses, so if you decide to trade it, be smart.
That said, I have a bunch more orders like the one above that I'll be showing off on Monday afternoon in my live scanner session…
If you’d like to check it out, simply sign up here.
When you do, I actually have something pretty cool for you…
I actually downloaded all of last week's biggest option orders from my scanner and popped them into a spreadsheet.
I think it’ll shed some light as to which stocks are seeing the most option buying right now.
You can download it for free
All you have to do is sign up for Monday’s scanner session. | | | | |
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