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One investor rolled a long call position to a higher strike price and augmented the size of the position to extend bullish sentiment to the April contract.
The trader initiated a calendar roll to take profits on the previously established long call position, and to extend bullish sentiment through May expiration.
Another Best Buy options player rolled a previously established long call position from the March contract to the April contract in order to extend bullish sentiment on the stock.
It looks like one trader is taking profits on a previously established long call position, as well as rolling the contracts to a higher strike price in order to extend bullish sentiment on the stock through February expiration.
Allstate : One big options player exchanged 70,000 call options on the insurance company today in order to take profits on a previously established long call position and in order to extend bullish sentiment on the stock by targeting call contracts at a higher strike price.
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Next, the trader extended bullish sentiment on the stock by purchasing 10,000 fresh lots at the higher December $32 strike for a premium of $0.65 apiece.
It looks like the investor extended bullish sentiment on the stock by booking profits on a previously established long call position, and ultimately rolling those calls up to a higher strike price in the same expiry.
Finally, the IYR-optimist extended bullish sentiment on the fund by establishing a fresh long-call position at the June $54 strike where he picked up 5,000 calls for an average premium of $0.79 per contract.
Next, the trader extended bullish sentiment on the stock, augmenting his exposure to the upside by purchasing 6,000 fresh calls out at the April $85 strike for a premium of $1.25 a-pop.
The trader may have purchased the puts as downside protection, or could have sold the contracts to extend his bullish stance.
The trader extended a new bullish stance on Valero by selling short 1,500 puts at the higher April $19 strike for a premium of $0.45 each.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com