![]() ![]() At closing that day, the stock was priced at $10.66, which implied a potential upside of 12.57%.Īction Since Trade: Since this trade was initiated, the share price has fallen from $10.66 to $10.24 at the time of writing this. On Tuesday January 14th, there was a purchase of 2,450 July $12 calls. Unusual Call Activity #2: iStar (NYSE: STAR) This seems to be a quality idea because as the table below shows, HST has beat earnings in each of the last four quarters. At closing that day, the stock was priced at $14.33, which implied a potential upside of 11.65%.Īction Since Trade: Since this trade was initiated, the share price has fallen from $14.33 to $13.10 at the time of writing this and with that drop, the potential upside has increased from 11.65% to 22.14% if the stock were to reach the $16 strike price by expiration.Ĭatalyst: HST reports earnings on February 17th and that is a potential catalyst that could send shares of HST to the $16 strike price of the options that were purchased. On Tuesday January 12th, there was a purchase of 10,000 April $16 calls. Unusual Call Activity #1: Host Hotels & Resorts (NYSE: HST) For example, if stock "XYZ" is trading at $25 and has a large call buy at the $26 strike, and then say stock "ABC" is also trading at $25 and has a large call buy at the $29 strike, I will cover "ABC" because of the higher potential upside. ![]() The way I determine the most compelling ideas is by using my ThinkorSwim platform to scan the market and to see which ideas have the most potential upside/downside. In addition, I will be looking at potential catalysts that could drive the stocks I cover upward or downward towards the strike prices that the unusual options activity occurred. Welcome to the inaugural issue of my Unusual Option Activity Briefing.ĭuring the week, I look for unusual options activity and at the end of the week I highlight the most compelling options activity that occurred. ![]()
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