There isn’t much to say here today because alot can and will change after FOMC and Powell today, so I’m going to skip the recap portion because it’s too early in the day. Let’s talk about my best idea from Saturday COHR. It’s up over 20% today alone. It’s up over 40% this week so far. I hope I’ve been able to convert you into a believer of what the options market holds. While I’d love to tell you I’m stunned this happened, I’m shocked at the speed it happened with, but not the end result.
The 3 odd trades that came in over the past 2 weeks really caught my eye because they kept going at the same strike over and over while that strike was almost 50% out of the money.
Amazingly a week later the stock jumps from 38.xx to 52.xx in 3 sessions and those calls go for a monster gain. I guess some might chalk it up to alot of luck, but I do not. More than that go look at yesterday’s recap, here is the table I posted, do you notice the last put bought on the list? UNH weekly 485 puts bought 2000x. What happened to UNH today? -8% after hours and those paid out enormously. In the dirty game of inside information, the options market remains undefeated.
Anyways that’s my little rant on that topic, it just makes me laugh.
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