Noticed some interesting call fly purchases yesterday- possibly folks who are long stock turbocharging their position- betting on continued follow through of price momentum today and tomorrow.
Trader paid $1.95 for 500 Nov 500/520/540 call fly. Risking $1.95 to make $18.05.
and $3 for 500 Nov 500/530/560 call fly. Risking $3 to make $27.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.