TASK - I primarily trade options so I typically peruse the ideas
here and look for ones that have tradeable options. Came across
this while researching TASK tonight. The trader appeared to put on
a vertical spread today which risked about 293K to make 460K
between now and April expiration (it was probably more like 2 to 1
when he/she put it on). Big bet in premium terms so probably an
institutional trader. Anyway, I thought it was interesting. I'll be
following in...with much smaller size
Posted by jtsurfah on 16th of Mar 2022 at 12:32 pm
TASK - the spread I put on to follow this trader in is up 63% so
far. I think I got better pricing but he's still killing it. I've
been watching the volume and haven't seen him reverse/close the
trade yet.
It was easy to spot this trade because there isn't a lot of
volume in these options. I typically try not to get involved unless
there is more volume, but if this guy is willing to put on a single
trade with $2.475 Million in notional value (as of the close), then
I figure it's probably worth it to follow him in with a spread or
two.
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TASK - I primarily trade
Posted by jtsurfah on 4th of Mar 2022 at 12:12 am
TASK - I primarily trade options so I typically peruse the ideas here and look for ones that have tradeable options. Came across this while researching TASK tonight. The trader appeared to put on a vertical spread today which risked about 293K to make 460K between now and April expiration (it was probably more like 2 to 1 when he/she put it on). Big bet in premium terms so probably an institutional trader. Anyway, I thought it was interesting. I'll be following in...with much smaller size
TASK - the spread I
Posted by jtsurfah on 16th of Mar 2022 at 12:32 pm
TASK - the spread I put on to follow this trader in is up 63% so far. I think I got better pricing but he's still killing it. I've been watching the volume and haven't seen him reverse/close the trade yet.
Thanks for sharing
Posted by steve on 4th of Mar 2022 at 08:04 am
Thanks for sharing
It was easy to spot
Posted by jtsurfah on 4th of Mar 2022 at 12:29 am
It was easy to spot this trade because there isn't a lot of volume in these options. I typically try not to get involved unless there is more volume, but if this guy is willing to put on a single trade with $2.475 Million in notional value (as of the close), then I figure it's probably worth it to follow him in with a spread or two.