Valeant Pharmaceuticals International, Inc. develops, manufactures, and markets pharmaceuticals, over-the-counter (OTC) products, and medical devices in the areas of eye health, dermatology, and neurology therapeutic classes worldwide. Every single day I watch Unusual Options Activity and talk to my subscribers about the trades at www.keeneonthemarket.com I watch over 1,500 trades daily and yesterday I saw a trade that was so unusual that I thought it was worth mentioning. A trader bought 2,000 FURX June 105 Calls for $3.90. Lets breakdown their trade:
Institutional Order: Trader bought 1,804 VRX June 135 Calls for $5.90
Cash Outlay: $1,064,360
Potential Profit: Unlimited
Overnight the Stock gapped higher and these Calls have moved in value from $5.90 to $7.90, so lets breakdown their profits:
1804 * 2.00 * 100= $360,000 Profits