Today we saw a trader buy over 10,000 EBAY October 12th 33.50 Calls for $.30. I had many subscribers and trading room members tell me that they purchased these Calls and have been profitable on the trade.
This is the power of Insider Buyer in the options market. This gives the trader the right but not obligation to buy almost 1,000,000 shares of EBAY between now and October 12th expiration and for this right they paid $.30 per 1 lot or almost $300,000 total. This is a big Insider Buyer of EBAY Calls. The right but not obligation to buy 1,000,000 shares might not seem like a big order, but that stock has only traded about 4,100,000 shares of stock today. This stock moves about $.74 per day 1/3 of all days, so I think this stock could trade up to $34 by the end of the week.