The one which took Gamestop from $15 to $483 in a few days…
Well, insidersare making six-figure bets on a bullish case for Gamestop in the days ahead.
While this option player's trade is trading around even, if Gamestop trades over $200 by June 18 (when these calls expire), this option player will double their money - or make a $380,000 profit.
Today's Most Unusual Puts
$160,000 SNAP May 28 60 Puts for $1.61
This insider bet $160,000 against Snap Inc (SNAP) while the stock rose over 6% on the day.
One could ask why someone would do that.
With time, we'll know a definite answer.
For now, what we do know is large one-day pops on stocks can often be followed by analyst downgrades or simple selloffs.
While $160,000 is chump change to the big money option players we track… someone always knows something.
Our platform gets people one step ahead of the game.
We understand that taking the leap into Unusual Options Activity can be overwhelming to some.
In our opinion, some time to adapt and learn can be beneficial to nearly every trader who wants to follow the smart money.
Our goal is to provide you with the resources and education necessary to trade with an insider edge - profitability.
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