- Unusual options activity in stocks like Snap, Affirm Holdings, and Royal Caribbean Gr may indicate insider knowledge.
- The source of these large traders' positions remains unclear, though they could be institutions, wealthy individuals, or well-informed retail traders.
- Using publicly available options history, the article will explore these unusual trades and their potential implications for average investors.
In the world of stock trading, the larger the move, the more it attracts attention. Especially in the realm of options trades where large, unusual activity often signals that someone - a 'cypher-punk' individual or a Wall Street institution - may have insider knowledge about a specific stock. In recent times, stocks like Snap, Affirm Holdings and Royal Caribbean Gr have seen unusual options trades that ought to pique the interest of the average retail trader.
Snap Inc, (NYSE:SNAP), the social media giant, recently witnessed an avalanche of options activity indicating a bullish position from someone with significant financial prowess. Benzinga's options scanner sheds light on these aberrations. On a particular day, the scanner identified 10 abnormal Snap options trades. These trades embodied a 90% bullish sentiment, with a solitary put trade valued at $36,036. This unusual activity in Snap’s options raises eyebrows and invites speculation about insider intel.
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