Back on March 5th we saw someone throw $735k at the $ALK May 16th 75.00 Calls despite the stock being a downtrend and today we saw another $1.7 million being put to work in the APR 17th 62.50 Calls.
We have no way of knowing who the buyer is or why they are buying but I do know that both transactions were probably done by the same buyer just based on the exchange side flow data. It is not an exact science but if you watch UOA long enough you can see things.
Needless to say, I will be keeping an eye on Alaska Air ($ALK) for a possible reversal out of its present oversold conditions and I like the MAY 16th 75.00 Calls ( rather than the April Calls) for the low premium and the time value.
There were also some interesting trades in Oracle Inc ($ORCL) & Biogen Inc ($BIIB) today. You can see all the trades and details on the Unusual Options Activity Scanner.
