ACAD Sold 5000 $15 JAN19 PUT contracts and bought 5000 $27 Jan19 CALL contracts.
I admired it because the trade basically cost him nothing to put on by using the money he got paid on the PUTS he financed the cost of buying the calls. Of course this "Big Dog" obviously has the deep pockets necessary to satisfy the margin requirements of a trade this large.Re: JAN 2019 strike 27 vol.1.5 MILLION dollars risk at 1.80 vol. 7954
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