Get Ready: I think THIS stock is about to move higher

Today we saw a trader buy over 5000 FTI September 30 Calls for $.40. This was a very interesting trade, because this is the second straight day where we have seen a big buyer of Calls and I think the stock is finally starting to bottom out and can move higher. I am long these Calls.

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 FTI between now and September expiration and for this right they paid $40 per 1 lot or almost $200,000 total. This is a big Insider Buyer of FTI Calls. The right but not obligation to buy 500,000 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.

You May Also Like

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.