You need to be logged in to see this part of the content. Please Login to access.
Unusual Options Activity
Altera (ALTR)- The Apr $47/$55 bull call spread was put on 10,000 times for a $1.000 debit and the May $47/$55 bull call spread was put on 5,000 times for a $2.00 debit. These follow yesterday’s May $44/$50 bull call spread buyer of 5,000 for a $1.80 debit. Shares have fully recovered from the gap down yesterday (rumors that Intel was no longer interested in acquiring the company) and actually made a new high relative to the March 27th peak when the Intel rumors came out. Reports were that Intel was willing to pay in the low $50’s, so the recent call spread trades could be positioning for a re-offer by Intel or another large tech company.
Delta Air Lines (DAL)- 10,000 Sep $50 calls were bought for $1.78-$1.82, against open interest of 4,302 contracts. Earnings are due out … Read More »
Free Trade Of The Day Featuring Altera (ALTR)
Notes: Altera (ALTR) is set to announce Q1 earnings on Thursday, April 24th.
Altera (ALTR) Options Trade Idea
Buy the (ALTR) May $34/$37 call spread for a $1.15 debit or better
(Buy the May $34 call and sell the May $37 call, all in one trade)
Stop loss- None
1st upside target- $2.30
2nd upside target- $2.80
Free Trial: If you would like to know more about premium content or would like a free trial of the service, email me at Mitchell@OptionsRiskManagement.com .
Premium Subscription: Join now to gain access to the all of the stock watchlist updates (30-50 stock and option trade ideas like the one above … Read More »