Jan. 15 at 11:56 PM
$UNF 960 Contracts at
$210 strike price with March Expiry were purchased at
$14.20 today.
I was looking to exit today on the move to
$210
But someone spending
$1.3 million makes me wonder if perhaps there is some kind of leak or perhaps someone hedging a short.
Short at say
$210 and then with the call, have the ability to cover at net
$224 or if the price were to collapse, they would be making money below
$195.80