March 17 options 1This 150,000 call options cost this person about $270,000. and it expires in March 17.
The cost for 100 shares of of this option is about $1.90 . To be in the money, the price of
BBD.b has to rise to $63.9 before March 17, before the expired date. As you pointed out ,he is gambling about $279,000 if the price of BBD.b does not rise to $63.90 on March 17., which means he has one month time to wait for that happens. 2 days ago the price of the Bomber was trading between $58-$59. which means it has to rise about 5$/share, obviously this person has to time the market correctly if not, he will lose $270,000. or he will win if he is 100% sure that the price of BBD will go beyond $63.9. In my opinion this person must have some insider information, or he knows something very favourable to Bombardier will happen. He believe must be right. Nobody would gamble away $270,000 in this short period of time. I personally don't think he is an idiot. GLTA , the longs.