Any Ideas about these UAL Call Option Buys?

My guess...

A client initiated a large OTC buy, 5k probably or 10k... hedgefund or something similar... bought it in one clip from market making desk at bank, GS or MS... either sec/no-hedge or with underlying hedge... (I would assume it's hedged). To get vega/gamma exposure.

Bank offloads the risk and goes maybe long vega/gamma as well in the market/on-screen... Market makers and the rest of the market buys the 65 calls and Dec...

Or... whoever got in the long trade thinks/found out that earnings are in the Nov expiry and bought vega/gamma there and sold Dec as a calendar spread.

Or... bank is working a larger order and buying in the market for the next 2 days...
 
sle said:
I know a thing or two. While I have never ran a SNO book while I was on the sell side, I have managed plenty single name risk and I certainly execute "some" SN vol with dealers now.
Ps. It's possible that we have worked together, world is funny like that
More...

Do you trade on Tradeweb? Or the others ....?
 
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