This morning a large order came in to buy against a hard offer in the Sep 15C against an open interest of only 1,300 indicating that they are taking a position. Trades went off between .70 and .80 avg. price around .75. By doing this the stock must be above $15.75 for the trade to start becoming profitable. If they are wrong the trade will cost them the premium they paid for the calls or $2.3 million. Always keep in mind that this could be a hedge against short stock although it is unlikely. And check open interest to make sure it goes up.
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