Today we saw a trader buy over 5,000 PZZA October 45 Calls for .$1.35. I did buy these Calls today and I already sold these Calls are made over $10,500 Profits as these Calls went up 100% gains in the course for just a couple of hours.
This is the power of Insider Buyer in the options market. This gives the trader the right but not obligation to buy almost 500,000 shares of PZZA between now and October expiration and for this right they paid $135 per 1 lot or $650,000 total. This is a big Insider Buyer of PZAA Calls. I am NOT LONG these Calls anymore but I Short Credit Put Spreads. 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.