Today we saw a trader buy over 10,000 DWDP October 60 Calls for $1.75 I did NOT buy these Calls today and we also show this trade flagged on CNBC’s Halftime Report with Pete Najaran flagging this trade hours after we mentioned it.
This is the power of Insider Buyer in the options market. This gives the trader the right but not obligation to buy almost 1,000,000 shares of DWDP between now and October expiration and for this right they paid $175 per 1 lot or $1,750,000 total. This is a big Insider Buyer of DWDP Calls. I am NOT LONG these Calls. This has been a name we have seen a lot of UOA in and this has been an Activist long in the past and might be again in the future