[Breaking] This Stock Could Trade Up $225 by Sunday!

Today we saw a trader buy over 2,000 COST October 12th 227.50 Calls for $.50. Since the stock market looks so weak today, I did not buy 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 200,000 shares of COST between now and October 12th expiration and for this right they paid $.50 per 1 lot or almost $100,000 total. This is a big Insider Buyer of COST 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 1,100,000 shares of stock today. This stock moves about $3.65 per day 1/3 of all days, so I think this stock could trade up to $228 by the end of the week.

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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.