15,000 of the February 17th $15 strike calls appear bought today for .90 while 15,000 of the February 17th 15 strike puts appear sold for .55. This synthetic long positions equates to the trader holding 1,500,000 shares at a breakeven price of $15.35. FDC daily chart looks primed to breakout with $17 easily in reach by expiry of this trade.
FDC forming a upward channel. We think it will be a good short if it breaks below the channel. Keeping in watch list for now. Trade Criteria Watch for short trade opportunity. You can check detailed analysis on FDC in the trading room/ Executive summary link here- https://www.youtube.com/watch?v=7CyDBhwtLzE Time Span- 16:00" Trade Status: Pending