Nov. 21 at 6:37 PM
$BIRK someone spent 500K in premium for the 19 Dec expiration 42.5 strike. Volatility currently at 59% for those calls. Earnings around 18 Dec. So a simple boost in volatility to say 65-68% by expiration could help these calls. Loosing
$0.05 a day in theta decay. But in 28 days who cares (
$140 bucks) Just on volatility alone you can make around 10% on your money. This is how the traders make
$50K on something like this. The stock doesn't have to move too much.
