| | | | Even though this order hit Last Wednesday, I like it for three reasons.
#1. The stock is only trading for $65 bucks and the institution 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 million+ is a lot of money for an options bet.
#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'm sharing right now.
If you’d like to see them, just click this link here. | | | | |
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