KeeneOnMarket
Long

How a Trader Netted $180,000 and Doubled their Money Overnight i

NYSE:FTI   FMC TECHNOLOGIES INC
115 1 2
FMC Technologies             , Inc. provides technology solutions for the energy industry worldwide. Its Subsea Technologies segment offers subsea systems for the offshore production of crude oil             and natural gas             , as well as installation and workover tools, service technicians for installation assistance, and field support for commissioning, intervention, and maintenance of its subsea systems. FTI             reported Earnings yesterday after the bell and I as I watch institutional order flow all day long, I saw a trader buy 1200 of the FTI             May 57.5 Calls for $.80. Most traders might say that a 1200 lot is not a "Big" order, but the trade has to be compared to the usual volume of options that stock trades in a day, so this was over 25 times "Usual Volume ." Lets break down their P&L:

The Trade: Trader bought 1200 FTI             May 57.5 Calls for $.80
Their Cash Outlay: $96,000
Cash Profit if Sold at Today's Pricing: $180,000

Full Disclosure:
I bought 15 FTI             May 57.5 Calls for $.80
I sold them today for $1.90 for a $1650 Profit
AlexandreFF
2 years ago
Hey keene could you please tell me what are the blue and green horizental lines ? are they support and resistance ? Thanks
Reply
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