These investors likely purchased those calls, with a six-month horizon, to capture TWLO's next two earnings reports, expecting the shares to appreciate handsomely during that time.
Investors likely purchased these calls to capture the next few quarterly earnings reports, with the underlying belief that the payments-space would continue to see broad growth.
Consumer staples generally trade inversely to the yield on the benchmark 10-year Treasury as opportunity costs for cash ebb and flow.
Investors made their purchases around the same time we saw bullish activity in other components of the SPDR Healthcare Select Sector Fund ETF
Investors may have been betting that the 'drug pricing war' was a non-event and that the upcoming earnings cycle would show continued growth and profitability in the healthcare sector.
These investors were likely purchasing calls while also selling puts, to effectively draw their line-in-the-sand as to where they believed the stock of WBA would trade at a low point.
The options traders may have expected SVU shares to appreciate throughout the back half of the 2018 calendar and wished to participate in the grocer's run with an outlined risk profile.
UPS was slated to report earnings on July 25, before the opening bell, and these investors may have wished to participate in the report with limited downside risk.
Option traders nearly doubled their money in Alphabet options that were purchased mere hours before it reported earnings.
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