Replies to post #281071 on The Golden Lounge

[Wayne R]

See, that is the kind of free money I was talking about...Writing calls.

[Theo]

$ATOM 3500 Call contracts traded today versus 370 Puts. Options action was 4.5 times as active as the previous day's action. As my previous posts shows, there appears to be NEAR-term betting taking place as well. Up until about 1:00 p.m., blocks of 1K shares were being bought in a fairly consistent and constant manner. After 1:00, that buying stopped and the shorts again began the tell-tale 1-2-3-5 share trades- (algos hunting for shares).

It's clear in my mind that this stock is being accumulated by someone(s) as evidenced by volume, price action, and options action. Whether it's "real" investors, or players remains to be seen.

[paps3]

May be some good news coming for ATOM before sept 17. lots of OI and vol for sept 17 25-30 calls.

[Theo]

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.