Investor rings the register in Sinclair

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.

Continue Reading at Option Monster

— Option Monster

You May Also Like

About the Author: Option Monster