Paper bought 1,200 RAX May 42.5 Puts for $2.78 (6.9 times usual volume) with stock at $40.51
Paper bought 5,000 GMCR Sep 70 Calls for $7.50 (7.8 times usual volume) with stock at $69.80Paper bought 1,075 TSLA May 10th 65 Calls for $3.10 (3.7 times usual volume) with stock at $67.03
Paper bought 1,000 BKS Jun 20 Calls for $2.75 (9.6 times usual volume) with stock at $21.50
Paper sold 10,000 DNDN Aug 4 Puts for $0.73 (3 times usual volume) with stock at $4.02
Paper bought 1,200 RAX May 42.5 Puts for $2.78 (6.9 times usual volume) with stock at $40.51
Paper bought 1,980 FIO Sep 18 Calls for $0.60 (5.9 times usual volume) with stock at $13.24
Paper bought 12,535 AU Jun 28 Calls for $0.05 (10.8 times usual volume) with $18.79
Paper bought 2,000 WFM Jun 105 Calls for $1.95 (4.7 times usual volume) with stock at $102.19
Paper bought 5,600 SMH Jun 40 Calls for $0.30 (4.4 times usual volume) with stock at $38.32
Paper bought 850 DIS Jun 65 Calls for $1.69 (2.3 times usual volume) with stock at $65.02
Paper bought 9,290 LAMR Jul 45 Puts for $1.50 (10.9 times usual volume) with stock at $47.80
Paper bought 369 ASNA May 19 Puts for $0.45 (3.7 times usual volume) with stock at $18.96
Paper bought the CHS Jun 19 Puts for $1.15 (11.4 times usual volume) with stock at $18.90
Paper bought 700 FXP May 22 Puts for $3.70 (3 times usual volume) with stock at $18.25
Paper bought 1,980 FIO Sep 18 Calls for $0.60 (5.9 times usual volume) with stock at $13.24Paper bought 12,535 AU Jun 28 Calls for $0.05 (10.8 times usual volume) with $18.79
Paper bought 2,000 WFM Jun 105 Calls for $1.95 (4.7 times usual volume) with stock at $102.19
Seadrill Limited is a subaquatic drilling company headquartered in Bermuda and managed from Norway. Seadrill and its subsidiaries have a range of operation that extends from the North Atlantic Basin to the South Pacific. Seadrill is becoming the operator of choice for many of the large oil producing companies, and is continuing to aggressively expand to take advantage of the growing offshore drilling market. This ambition is paying off, for the time being. The company’s stock is considered a risky investment by many analysts because it is, due to extensive leveraging, very vulnerable to changes in the oil market. On the other hand, they have a relatively new (and expanding) stock of rigs and a streamlined business model that is handily outstripping competitors in their field.
My Trade: Buying the SDRL June 41 Calls for $.65
Risk: $65 per 1 lot
Reward: Unlimited
Breakeven: $41.65
Greeks of the Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long