Saturday, September 18, 2021 9:20:36 AM
Earlier this month on (9/2): "$ATOM Somebody bought almost 400 contracts (385) of the Sept 17 $30 Call Strike in one trade @ 11:02..."
Those were $30 Calls dated for a little over two weeks out at that time for a short term bet. Somebody was betting $17K on a quick move that obviously that didn't pan out given yesterday's expiration was the 17th. However, somebody substantially increased their bet almost 5-fold! yesterday (same person/entity?) now moving out 4 weeks to Oct 21 but going way out of the money to the $60 strike. Regardless, they went from $17K bet to a $75K bet.
I freely admit that I don't know how these option trades cross the wire. In other words, if an institutional entity sold covered Calls that were bought up by several traders, would they cross as one trade like yesterday's 3000 block? My personal belief is that somebody has an inkling to something on the inside.
Those were $30 Calls dated for a little over two weeks out at that time for a short term bet. Somebody was betting $17K on a quick move that obviously that didn't pan out given yesterday's expiration was the 17th. However, somebody substantially increased their bet almost 5-fold! yesterday (same person/entity?) now moving out 4 weeks to Oct 21 but going way out of the money to the $60 strike. Regardless, they went from $17K bet to a $75K bet.
I freely admit that I don't know how these option trades cross the wire. In other words, if an institutional entity sold covered Calls that were bought up by several traders, would they cross as one trade like yesterday's 3000 block? My personal belief is that somebody has an inkling to something on the inside.
Theo 
;-)
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