Can someone tell me what's going on? Today someone bought 7000 contracts (1 trade) June $2.5 Call at ask for a price of 0.55 (= he spent about 385,000 USD) on that trade!
This is however not the only trade that I noticed!
On Friday ... 12000 July 5$ calls were traded at a price of 0.05 (=60,000 USD)
On thursday ... about 7000 JULY $2.5 Call were traded at bid (someon sold)
AND THE SAME HAPPENED THE DAY BEFORE!
That's a pretty heavy activity for a Micro Cap stock!
anyone has any explanation!? ... it's not that bullish shince more than 14k options were traded at bid. and given the size (7k) blocks ... it seems to me that they were pre-organized trades ...
any idea?