Yesterday, I observed a heavy option play on the Aug 16 BPMC expiration:
- sold 1500 CALL 105 @3.83 (-$574,500)
- bought 3000 CALL 115 @1.5 (+$450,000)
- bought 1500 CALL 125 @1.05 (+$157,500)
As the OI on these options was very low, this must be a fresh position. Summing up, he has...