Has Cablevision finally hit a bottom?
optionMONSTER’s Heat Seeker monitoring system detected the purchase of 10,000 August 15 calls for $0.15 and the sale of an equal number of July 15 calls for $0.05. Volume was below open interest in the July options but not the August contracts, indicating that an existing position was closed and rolled forward.
The trade cost $0.10 and gives the investor an additional month to profit from a rebound in the share price. If he or she hadn’t adjusted the trade sooner, time decay could have made it impossible to get any money back for the July contracts. (See our Education section)
— Option Monster
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