These investors may have taken the position to buy puts to protect profits, but remain in their long position.
These investors may have believed that shares of KKR had much further upside into the beginning of 2019, as rising interest rates behoove M&A related companies to seek financing for deals while costs are cheap.
Options traders doubled their money in General Motors Corp. calls on the back of a much better than expected earnings report.
These investors could have purchased those in-the-money calls to create a synthetically long position in the underlying common stock.
Trying to find a bottom in share price can be difficult, but these investors may have wanted to wager a retrace was do with an equivalent 2.18% 'stop-loss' should their idea take longer to play out.
PayPal Inc. bears feasted this week as a sharp tech sector selloff drove put option prices through the roof.
Investors may have believed that the stock of EWZ had recently made a bullish double-bottom technical chart pattern, as well has had the foresight to believe any change in the country's politics may be a boost to the local economy.
Shares of NVDA have had quite a run over the past couple of years, yet these investors likely believed there was more good news left to drive the fundamentals behind the stock higher.
Those calls traded up to $1.30 on Monday, October 1, more than twice their purchase price. The stock rose 2.8% at the same time, illustrating the kind of leverage one can get with options.
Bed Bath management, unable to turn things around for the past several quarters, may have caused these investors to either make a bearish bet against the shares for the upcoming earnings report or protect their holdings with the insurance of owning puts against their stock.
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