Unusual options activity
In recent days, we've detected aggressive capital flow under the radar in SNDK, suggesting an expectation of extreme volatility in the coming days?
On January 30, we saw a huge position opened at the $650 strike with a premium of over $355,000.
Last night, the pressure continued with two more notable trades:
A bet of about $200,000 on a $750 strike expiring this coming Friday.
Another 'whale' paid over $268,000 for a $900 strike (very far out of the money) expiring in two weeks.
Most of the money is aimed at this coming weekend (February 6).
The stock is trading around $667.
An accumulation of nearly $820,000 in premiums in a short time is a 'fingerprint' of institutional investors or heavy traders.
We are monitoring.