[Breaking] Buyer Makes Massive Profits Within Hours!

Today we saw a trader buy over 8000 WDC September 58 Calls for $.65. We had members in the trading room who personally emailed me to let me know that they made almost 100% gains on these Calls in hours.

This is the power of Insider Buyer in the options market. This gives the trader the right but not obligation to buy almost 800,000 shares of WDC between now and September expiration and for this right they paid $65 per 1 lot or almost $500,000 total. This is a big Insider Buyer of WDC Calls. The right but not obligation to buy 800,000 shares might not seem like a big order, but that stock has only traded about 6,000,000 shares of stock today. This is very interesting due to the fact that the stock hit a 52 week low today and bounced.

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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.