Dude buys 150k Jan TWTR calls

Quote from actionzip54:

Post the confirm or get banned bra!
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I WILL POST THE CONFIRMS IF YOU MAKE THE 10k DONATION. DEAL? Baron can hold the money and give it back to you or forward it to MY CHARITY OF CHOICE. DEAL? In fact, lets make it $500,000. You need to go jump.
 
Quote from gmst:

If it was a fly, it sounds very plausible. but if it was just an outright, from a bank's perspective - could be related to hedging gamma (barrier maybe?!!) to hedge out risk from some OTC structured product.
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Entirely possible. The spastic nature of the buying however was suspect. I see MAYBE one or two of these A YEAR. Not the norm.
 
Quote from Maverick74:

The vol curve is reflecting every dimwit and his uncle who were short the naked calls and are now getting squeezed. In fact, the entire vol curve is showing that across all the months. The fly traded. I'm not trying to sell anything. Yeah the dude called a print that one can pull up on time and sales in 3 seconds. He never traded it. If he wants to post a screen shot of the execution I'll recant my statement. I assure you, you will see no such screen shot. Of course many excuses will be given why.
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He may not have traded the call but it's less likely to be a lie than some other people on here. It would be great to see a screenshot. But I'm less interested in that.

I'm more interested in understanding why the upside got so bid. I'm not saying the fly didn't trade. But the vol surface is acting like it was a lot of upside call buying. That being said, it's TWTR and the surface can be prone to all sorts of funny stuff.
 
Quote from newwurldmn:

He may not have traded the call but it's less likely to be a lie than some other people on here. It would be great to see a screenshot. But I'm less interested in that.

I'm more interested in understanding why the upside got so bid. I'm not saying the fly didn't trade. But the vol surface is acting like it was a lot of upside call buying. That being said, it's TWTR and the surface can be prone to all sorts of funny stuff.
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This looks like panic buying. I also think it's impossible that somebody 'know's something' since this type of trading is not under the radar by any means -- too sloppy and easily investigatible (and confiscatible). Guy might as well call the SEC directly and ask for some handcuffs in advance if there are rumblings.

I joined call sellers today (but of nearer strikes).
 

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Quote from Maverick74:

This is 100% false. Customer traded the 85/90/95 fly for .25 debit. Nice trade actually. I might follow him.
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I think this fly is too tight, wings should be 80 and 100.
 
Quote from FXforex:

I think this fly is too tight, wings should be 80 and 100.
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He put the thing on for next to nothing. The 80/90/100 fly would have set him back a few bucks.
 
Quote from Maverick74:

<iframe width="420" height="315" src="//www.youtube.com/embed/1x_QbVDlLbI" frameborder="0" allowfullscreen></iframe>
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MAV, LET'S MAKE A BET. ONE MILLION DOLLARS(OR MORE). ME VS. YOU. MLPRO OR GSEC OR ANY REPUTABLE ATTORNEY CAN HANDLE THE MONEY. WE EACH MAKE THE ESCROW DEPOSIT. THE "BET" IS IF I DID OR DID NOT MAKE AT LEAST 1.4mm (MARK TO MARKET) TODAY ON THE TWTR OPTION SHITSTORM. WANT TO GO FOR IT???? YOU KNOW I'VE RESPECTED EVERYTHING YOU EVER POSTED ON ET. UNTIL TODAY. MAKE MY DAY. I'M READY. IF YOU'RE NOT READY, RETRACT YOUR COMMENTS.
 
Quote from Maverick74:

He put the thing on for next to nothing. The 80/90/100 fly would have set him back a few bucks.
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Most flies that are tight like that are very cheap, but the target is too narrow in my opinion.
 
Quote from arbs-r-us:

MAV, LET'S MAKE A BET. ONE MILLION DOLLARS(OR MORE). ME VS. YOU. MLPRO OR GSEC OR ANY REPUTABLE ATTORNEY CAN HANDLE THE MONEY. WE EACH MAKE THE ESCROW DEPOSIT. THE "BET" IS IF I DID OR DID NOT MAKE AT LEAST 1.4mm (MARK TO MARKET) TODAY ON THE TWTR OPTION SHITSTORM. WANT TO GO FOR IT???? YOU KNOW I'VE RESPECTED EVERYTHING YOU EVER POSTED ON ET. UNTIL TODAY. MAKE MY DAY. I'M READY. IF YOU'RE NOT READY, RETRACT YOUR COMMENTS.
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Let's bet 100 billion dollars. I'll let Don Bright hold my money. I trust him.
 
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