By the way, does anyone know of a good real-time options scanner that would look for spiking volume like this situation?
Livevol Pro; real-time, customized, whole market. General Scanner Movie: http://www.livevolpro.com/help/movies/scanner_movie/scanner_movie.html Custom Scanner Movie: http://www.livevolpro.com/help/movies/custom_scanner_movie/custom_scanner_movie.html General Movie: http://www.livevolpro.com/help/movies/all_movie_short/all_movie_short.html
This li'l pup showed up in my auto-trades Friday. Sold it for a 50% gainer (just the stock, not ops). Not bragging, it's just that I almost NEVER get a winner like this... Good trading to all.
Here is a insider trade made before Placer Dome was bought out by Barrick Gold in 2005. If my memory is correct Placer Dome was a $20.00 dollar stock at the time. http://www.resourceinvestor.com/News/2005/11/Pages/Cracking-Down-on-Tipping-and-Insider-Trading.aspx "According to the SEC, on Oct. 25 and Oct. 26, unknown persons used nonpublic information and overseas bank accounts to buy more than 10,000 call options of Placer stock. When Placer shares [TSXDG; NYSEDG] soared 20% on the news, the unknown persons made more than $1.9 million in profits."