8/1 Recap. Today You Got 2 Examples Of The Value I Provide.

WHAT A DAY. Sorry was waiting for Pinterest results to come in before I wrote it up. Before we get to that, can we discuss the big deal today? We got news early today of a buyout of SWIR. My very first substack post on June 8th noted that incredible trade that day. You can see that here

Link

I remember noting that trade multiple times because of how odd it was. SWIR had nearly no volume in any strikes, I even tweeted the images at the time.

James Bulltard @amazonholder1

Ok this is too odd a trade to not discuss $SWIR, someone put on a massive trade today, sold 20,000 dec puts to fund 25/30 call spread....and there's NEVER options traded in this name. You can see the volume on the puts/calls below This is why you pay attention to odd options....

Being that it was a name nobody followed, 3 people liked the tweet haha. Today that massive trade where the buyer risked somewhere in the neighborhood of .15-.20 is going for the max value of $5. An incredible gain of millions of dollars. As if that wasn’t enough, how many times did I point out all the unusual activity on Pinterest in August for weeks on end before Elliott Management entered their position? Today even on pitiful numbers, the stock is at $24 after hours up 20%. An incredible day if you’ve followed any of these trades. It’s one thing to see all the unusal trades, and of course I post them all everyday, but I specifically highlighted those 2, when you see this stuff as long as I have, you get a good sense for where this crooked game is heading.

Today’s Unusual Options Activity & What Stood Out