Safeway Inc. (SWY) Option Trader Bets $3.54 Million that the Buyout Will Happen by January 18th Expiration
After being rumored as a potential takeover target as a whole or in parts yesterday, a large trade has just gone off in the Safeway Inc. (SWY) January36C buying 14,175 contracts at a price of $2.5 against an Open Interest of 391. 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 7.57% to the $36.00 level. If this trader is wrong and the stock does not reach the $36.00 mark by January expiration, they will lose $3,543,750 (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 Safeway Inc. (SWY).
HELP YOURSELF TIME THE PERFECT ENTRY INTO YOUR OPTION AND STOCK POSITIONS WITH CHAIKIN ANALYTICS, DIRECT FROM THE CREATOR OF ONE OF THE MOST RELIABLE TECHNICAL INDICATORS, THE CHAIKIN MONEY FLOW. THIS IS AN ESSENTIAL TOOL FOR ANY SERIOUS TRADER!
MannKind Corporation (NASDAQ:MNKD) Bearish Trader Bets $750K on Bad Phase 3 Clinical Trial Data Buying 10K Puts
Before Making Any More Trades, We Highly Recommend Signing Up For a FREE Personal Capital Account and Review/Compare Positions In
Groupon Inc (NASDAQ:GRPN) Option Bull buys over 8,000 Weekly Calls Betting Stock Will Rally 11.5% by Friday. Earnings play or Short Hedge? $GRPN
A large trade has just gone off in the GRPN (NASDAQ:GRPN) Weekly 6C buying?? 8,100 contracts against an Open Interest
Onyx Pharmaceuticals, Inc. (NASDAQ:ONXX) Trader Risks $2.61 Million Betting AMGN Deal Will Go Through by Oct. Expiry $AMGN $ONXX
HELP YOURSELF TIME THE PERFECT ENTRY INTO YOUR OPTION AND STOCK POSITIONS WITH CHAIKIN ANALYTICS, DIRECT FROM THE CREATOR OF
Only registered users can comment.