Why Small Prints Set Up the Biggest Moves
By Brandon Chapman, CMT
Hey trader,
Everyone is watching AVIS (CAR).
The stock went from $100 to now over $800 in a matter of weeks.
Yesterday, I explained broadly how this was possible. Today, I want to dive in deeper into one of the core concepts: options delta.
You see, the Block Hunter Console picked up 10,000-contract print at the $110 strike back on Jan 8th.
Notice the expiration for March 20th.
Guess when this rally started? March 23rd, the following Monday.
That’s not a coincidence. That’s one million shares of Avis a trader was forced to buy.
Yet, when the trader sold that put, Avis was trading over $120.
At the time, the block print seemed innocent enough.
However, I’m going to explain how this one print kicked off an insane rally.
Click Here to Continue Reading.
The Block Hunter Console flagged the Avis print on January 8th, when the delta was low and the $110 strike sat well below the current price.
Ten weeks later, that same print settled the fate of one million shares in a single day.
The Console lit up opportunities on KSS (375% in 13 days), PLUG (206% in 5 days), and VFC (100% in just 24 hours).
Missed the latest Block Hunter webinar? I’m running an exclusive encore tomorrow at 5PM EST.
Click Here to add the event to your calendar
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