Overcast Weather Report Ashburn, United States Of America +54°F, Overcast

Safeway Inc. (SWY) Option Trader Bets $3.54 Million that the Buyout Will Happen by January 18th Expiration

Before Making Any More Trades, We Highly Recommend Signing Up For a FREE Personal Capital Account and Review/Compare Positions In All Your Trading Accounts CLICK HERE!

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!

Before Making Any More Trades, We Highly Recommend Signing Up For a FREE Personal Capital Account and Review/Compare Positions In All Your Trading Accounts CLICK HERE!


Related Articles

Dow Jones US Real Estate (ETF) (NYSEARCA:IYR) Option Bear Bets $660K on a -12.87% Move in the Real Estate ETF by Sep $IYR

A large Long Put Spread has just traded in the iShares Dow Jones??(NYSEARCA:IYR) September Put Options. The Option Trader bought

Mosaic Co (NYSE:MOS) Bullish Option Trader Bets $2.77 Million That the Stock Will Rally Over 8% by Sept. Expiration $MOS

Before Making Any More Trades, We Highly Recommend Signing Up For a FREE Personal Capital Account and Review/Compare Positions In

ProShares UltraShort Financials (SKF) Option Trader Buys 12,500 Calls In Bearish Financial ETF Betting on U.S. Default and Large Market Selloff

Before Making Any More Trades, We Highly Recommend Signing Up For a FREE Personal Capital Account and Review/Compare Positions In

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Only registered users can comment.