Someone’s ringing the register in Sinclair Broadcasting Group.
optionMONSTER’s trade scanners detected the sale of 3,000 January 30 calls for $3.60. Volume was more than 100 times previous open interest at the strike, indicating that a new position was implemented.
The investor is now on the hook to unload shares in the television company for $30 if they’re above that level on expiration. Including the credit received, the net exit price would be $33.60.
— Option Monster