SPF - Unusual Call Purchase into Earnings

Discussion in 'Trading' started by livevol_ophir, Feb 2, 2010.

  1. livevol_ophir

    livevol_ophir ET Sponsor

    The company has traded over 7,000 options today in the first 15 minutes on total daily average option volume of 622. Further, every contract has been call purchases. The Company Tab snapshot is in the article.

    Essentially the entire volume is a 5,000 lot of Mar 5 calls and 1,500 Jun 5 calls. Note earnings are in one day. The Option Tab snapshots is in the article.

    Note the small OI relative to the trade size.

    Details, trades, prices here:
  2. interesting...doesn't that mean that someone is also short those calls?
  3. livevol_ophir

    livevol_ophir ET Sponsor

    the OI is much smaller than the volume - these are opening purchases...