Some big boy option trading firm expecting an explosive move on TEVA post .
a total of 8307 Long Straddle Spread contracts were executed for a price of $3.65. That's approx = $3,000,000. For those who needs a further explanation, This is a non directional bet (either or ) for the stock to open above $61 or below $54 by the end of next week.
Expected move is only $3.00
Its working its way to fulfill the some confident traders ambition. I guess.
--- Scan for Unusual options volume 3:00pm - 4:30pm
--- Options Tape Reading. Executed price, Bid / Ask and Volume. And ofcourse Strike Price
Remember, No One can predict future, We can manage the risk.