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$SPWR has shot up 25% over the last 3 days and bullish traders continue to make bets on further gains in the near future. An option trader has purchased 5,000 bullish 12-15 call spreads for about $.55 betting that the stock will be above the $15 mark (+50%) by June expiration (June 22nd). If they are wrong, it will cost them the premium they paid to get into the position, $275,000.Their max profit on this trade is $1.23 million if the stock expires over $15. These trades happened against almost no open interest indicating that they are getting into this position. Always keep in mind that this could be a potential hedge against a large short stock position. Check back for unusual trading activity to confirm bullish sentiment.
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