The trade that has kept a ceiling on OPKO
Aug 26, 2016 14:05:24 GMT
miamianne67, icemandios, and 13 more like this
Post by Deleted on Aug 26, 2016 14:05:24 GMT
I've been hesitant to post this theory because I needed to watch how this trade would play out ...it was a long term play, well I got my answer.
There was a Massive Bear trade put on that took place over a few days (march 29th - April 6th)
that was also tied to short % rising to all time levels over the span of the summer
The trade that has kept a ceiling on OPKO for nearly 6 months :
"they" SOLD 28,000 September 17th $15 CALLS between .25 cents - .35 cents (a bet that OPK would not be near $15 and they would expire worthless to those who bought them = THEY WIN)
at the same time
"they" BOUGHT 28,000 September 17th $15 PUTS between $4.80 - $5.20 (a bet that OPKO would not be near $15 and they will be even or up depending on where OPKO is on Sept 17th = THEY WIN)
"they" ALSO BOUGHT 1,000 January $10 calls for $1.30 as another hedge to play OPKO moving HIGHER post the September expiration
this trade was undoubtably tied to someone shorting millions shares of common stock
Whats so significant about the timing of this trade? Well.. March 30th was the day of the CRL on Rayaldee (nice timing!). During this span (March 29th- April 6th) OPKO traded as low as 9.83 and as high as 10.68…
obviously they saw no catalysts to move OPKO higher so keeping OPKO flat to down is highly profitable for them (really smart in hindsight)
they could be short as high as 11.85 but their ultimate goal is to keep OPK under 9.83 come september 17th which would BURN the calls they sold, and even keep their puts profitable.. meanwhile making money shorting the hell out of the common.
I would go as far to call this September 17th expiration a catalyst for OPK to move higher after its said and done.
Pretty complex trade but they’ve made a killing on it, now that I put half of you to sleep.. after September 17th OPKO might not be so tired
(OH side note: the obvious hit job from the fake lawsuit would be right in someone with this amount of money on the lines wheelhouse and perfectly timed to bury this trade)
There was a Massive Bear trade put on that took place over a few days (march 29th - April 6th)
that was also tied to short % rising to all time levels over the span of the summer
The trade that has kept a ceiling on OPKO for nearly 6 months :
"they" SOLD 28,000 September 17th $15 CALLS between .25 cents - .35 cents (a bet that OPK would not be near $15 and they would expire worthless to those who bought them = THEY WIN)
at the same time
"they" BOUGHT 28,000 September 17th $15 PUTS between $4.80 - $5.20 (a bet that OPKO would not be near $15 and they will be even or up depending on where OPKO is on Sept 17th = THEY WIN)
"they" ALSO BOUGHT 1,000 January $10 calls for $1.30 as another hedge to play OPKO moving HIGHER post the September expiration
this trade was undoubtably tied to someone shorting millions shares of common stock
Whats so significant about the timing of this trade? Well.. March 30th was the day of the CRL on Rayaldee (nice timing!). During this span (March 29th- April 6th) OPKO traded as low as 9.83 and as high as 10.68…
obviously they saw no catalysts to move OPKO higher so keeping OPKO flat to down is highly profitable for them (really smart in hindsight)
they could be short as high as 11.85 but their ultimate goal is to keep OPK under 9.83 come september 17th which would BURN the calls they sold, and even keep their puts profitable.. meanwhile making money shorting the hell out of the common.
I would go as far to call this September 17th expiration a catalyst for OPK to move higher after its said and done.
Pretty complex trade but they’ve made a killing on it, now that I put half of you to sleep.. after September 17th OPKO might not be so tired
(OH side note: the obvious hit job from the fake lawsuit would be right in someone with this amount of money on the lines wheelhouse and perfectly timed to bury this trade)
