Trader Makes Over 500% in MLCO on Insider Buying

A trader bought over 20,000 MLCO April 30 Calls for $.35 on Insider Buying. These Calls traded up $1.60 netting this trader a $3.6 Million Profit on a $700,000 bet in just a couple of weeks. This is the power of insider buying in the options market.

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Andrew Keene

About the Author: Andrew Keene

Andrew Keene is President & CEO of AlphaShark Trading, which he originally founded as KeeneOnTheMarket.com in 2011. Andrew currently actively trades futures, equity options currency pairs, and commodities. He is a regular guest market commentator on such networks as Bloomberg TV, CNBC, and Fox Business. Keene's first love will always be trading, but he is arguably even more well known for building a trading room. Andrew is especially proud of having taught his personal strategies to over 50,000 students over the past 4 years. He is a self-made millionaire from trading and wants to continue to teach and help others.