AgFeed Industries $FEED trader seeing opiton activity heat up in May $$AgFeed Industries Inc. (FEED) is seeing decent amount of money flowing into the May option contract.
Option activity is hitting our systems at a whooping 16X the daily average expected. The activity looks to be done by the same trader by selling 3,000 May 5 puts at $1.43 to and bought 9,000 May 7.5 calls at $.45. After this trade hit the May 7.5 calls gained interest.(FEED) is forming a large wedge on the daily chart and as prices coil. A large move is in the works and with the activity today traders could be playing to the chart to the upside.
So where's the trade?
Sign up for one of our subscription services and get trades like this in real-time.
Want to find out what is SIZZLIN' on our Option Sonar™?.
Related Articles
- Research In Motion $RIMM option activity heating up before EPS on Thursday
- Gilead Science $GLD trader using puts and calls to play for a move higher in prices $$
- Korea Electric Power $KEP seeng call activity that could be bearish
- Freddie Mac $FRE traders looking for more upside with calls
- Symantec Corp $SYMC seeing early option activity with a trader seeking profit for a move higher $$
