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This may mean the buying interest is the work of traders closing out short put stances.
Some of the 9,200 puts sold at that strike may be the work of traders ditching puts they purchased while in panic-mode earlier in the session.
While the call activity appears bullish, todays call-buying could also be the work of traders buying to close previously established short positions.
It looks like the large-volume put transactions observed today are the work of traders rolling up protective stances on RCL to hedge long underlying stock positions through the next several months.
The sale of approximately 4,500 now in-the-money call options at the April $17 strike for an average premium of $1.07 each is likely the work of traders taking profits on the rally in Genworth's shares.
The puts may have been purchased by bearish investors looking to profit on continued downward movement in the price of the underlying, or could be the work of traders seeking protection on long stock positions.
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It looks like the majority of the call activity at that strike is the work of bullish traders positioning for continued share price appreciation ahead of expiration day in May.
If you're reading this, no one has to tell you that the stress of long days and nights laboring in a lab can be just as taxing as the work of day traders, investment bankers, and media moguls in the Big Apple.
So far, Mr. Hughes says, that guarded approach has kept Mr. McQueen's works out of traders' hands.
Nearly all of the put activity at this strike appears to be the work of one trader selling approximately 2,196 of the contracts to receive an average premium of $0.375 apiece.
Plain-vanilla call buyers were the first to arrive on the scene, but the majority of the options volume generated on MDRX today was the work of one trader.
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