Smart Money Report
AAPL- The 1×2 Aug 22 weekly $97/$100 ratio call spread was put on 10,000 times for a $0.25 debit. Volume was above the open interest in both options. This trade was likely done against a long stock position to leverage the trade without adding any additional shares of stock.
AMC- The 1×2 Dec $22.5/$25 ratio call spread was put on 1,000 times for a $0.15 debit. Volume was above the open interest in the Dec $25 calls. Earnings are due out on 7/30. They’ve only reported two earnings reports, but the stock has moved higher after both. The $25 level has been the ceiling in the stock since March. This is also a good way to leverage an existing long position in the stock (only risking an additional $0.15 to make $2.35).
ATML- 6,000 Nov $9 calls were sold for … Read More »