A large trade has just gone off in the NetApp Inc. (NASDAQ:NTAP) July 40C buying  20,100 contracts against an Open Interest of 2,168. Since the trade has gone off against a lower Open Interest, we assume that this person is putting on a position in this strike. Check the OI tomorrow to make sure it has gone up in this strike by the traded volume. By doing this, the trader is betting that the stock will move up by 9.86% to the $40.00 level. If this trader is wrong and the stock does not reach the $40.00 mark by July  expiration, they will lose $2,030,100 (the premium paid for the position). NTAP has recently been the subject of takeover speculation posted on multiple M&A blogs. Always keep in mind that this position could be a hedge against a short stock position. Check back for more unusual option trades and analysis in NTAP.

About - OptionCast is an options analysis site providing historical options data, option trade alerts and live trading streams. To join or get more information on receiving options analytics and data please click here. To download this information in a raw data format see our historical options data page.

Disclaimer - We post about option data or to point out interesting or large trades. Our posts are non-biased. This is not advice to buy, sell or trade the above security.

A large Long Call Spread has just traded in the Apache Corporation (NYSE:APA) January 2015 Call Options.The Option Trader bought 10,000 of the 90C for $3.51 while simultaneously selling 10,000 of the 100C for $1.36. The spread traded for a debit of$2.15 making the total premium bought for the trade $2,150,000. For this trade to reach its max profit of $7,850,000, the stock must move higher by 21.54% to the $100.00 level before January expiration. The maximum risk on this position is the premium paid, which is $2,150,000 for this particular spread. Max loss will occur if the stock is below the $90.00 level by expiration. The stock is currently trading at $82.50 and is up +0.91 on the day. It has traded 268,684 shares today vs. a 30 Day Average Volume of 3,641,760. As always keep in mind that this could be a hedge against a large stock position. Check back for more updates on large spread trades and unusual option activity.

About - OptionCast is an options analysis site providing historical options data, option trade alerts and live trading streams. To join or get more information on receiving options analytics and data please click here. To download this information in a raw data format see our historical options data page.

Disclaimer - We post about option data or to point out interesting or large trades. Our posts are non-biased. This is not advice to buy, sell or trade the above security.

A large Long Put Spread has just traded in the HollyFrontier Corp (NYSE:HFC) June Put Options.The Option Trader bought 10,000 of the 48P for $1.75 while simultaneously selling 10,000 of the 44P for $0.50. The spread traded for a debit of$1.25 making the total premium bought for the trade $1,250,000. For this trade to reach its max profit of $2,750,000, the stock must move -10.77% to the $44.00 level (or below) before June expiration. The maximum risk for this position is the premium paid, which is $1,250,000 for this particular spread. Max loss will occur if the stock is above the $48.00 level by expiration. The stock is currently trading at $49.31 and is up +1.89 on the day. It has traded 3,486,364 shares today vs. a 30 Day Average Volume of 3,914,960. As always keep in mind that this could be a hedge against a large stock position. Check back for more updates on large spread trades and unusual option activity.

About - OptionCast is an options analysis site providing historical options data, option trade alerts and live trading streams. To join or get more information on receiving options analytics and data please click here. To download this information in a raw data format see our historical options data page.

Disclaimer - We post about option data or to point out interesting or large trades. Our posts are non-biased. This is not advice to buy, sell or trade the above security.

On April, 15th Thermo Fischer Scientific confirmed a deal to acquire Life Technologies Corp. for $76 a share. The transaction is expected to close in early 2014, and is subject to a LIFE shareholder vote. Regulatory approvals are also needed to approve the buyout. A large trade has just gone off in the (NASDAQ:LIFE) November 75C buying  20,135 contracts against an Open Interest of 163. Since the trade has gone off against a lower Open Interest, we assume that this person is putting on a position in this strike. Check the OI tomorrow to make sure it has gone up in this strike by the traded volume. By doing this, the trader is betting that the stock will move up by 2.80% through the $75.00 level. If this trader is wrong and the stock does not reach the $75.00 mark by November  expiration, they will lose $1,208,100 (the premium paid for the position).  Always keep in mind that this position could be a hedge against a short stock position. Although unlikely, the trader could be hedging a large short stock position betting on a deal not going through which could happen since this deal is pending shareholder vote and regulatory approval. Check back for more unusual option trades and analysis in LIFE.

About - OptionCast is an options analysis site providing historical options data, option trade alerts and live trading streams. To join or get more information on receiving options analytics and data please click here. To download this information in a raw data format see our historical options data page.

Disclaimer - We post about option data or to point out interesting or large trades. Our posts are non-biased. This is not advice to buy, sell or trade the above security.

A large trade has just gone off in the UnitedHealth Group Inc. (NYSE:UNH) December 62.5C buying  9,961 contracts against an Open Interest of 78. Since the trade has gone off against a lower Open Interest, we assume that this person is putting on a position in this strike. Check the OI tomorrow to make sure it has gone up in this strike by the traded volume. By doing this, the trader is betting that the stock will move up by 6.71% to the $62.50 level. If this trader is wrong and the stock does not reach the $62.50 mark by December  expiration, they will lose $3,785,180 (the premium paid for the position). Always keep in mind that this position could be a hedge against a short stock position. Check back for more unusual option trades and analysis in UNH.

About - OptionCast is an options analysis site providing historical options data, option trade alerts and live trading streams. To join or get more information on receiving options analytics and data please click here. To download this information in a raw data format see our historical options data page.

Disclaimer - We post about option data or to point out interesting or large trades. Our posts are non-biased. This is not advice to buy, sell or trade the above security.