Today we saw a trader buy over 2000 NBL November 30 Calls for $1.80. This was a very interesting trade, because this is the second straight day where we have seen a big buyer of the exact same Calls on the exact same strike.
This is the power of Insider Buyer in the options market. This gives the trader the right but not obligation to buy almost 200,000 shares of NBL between now and November expiration and for this right they paid $180 per 1 lot or almost $320,000 total. This is a big Insider Buyer of NBL Calls. The right but not obligation to buy 200,000 shares might not seem like a big order, but that stock has only traded about 1,600,000 shares of stock today, so it is a huge order vs. the normal stock volume.