TD Ameritrade had to lower its brokerage fees as a result of the price wars initiated by a number of online brokers. One large option trader decided to sell a large number of May calls expecting more distribution in the months to come.
Uncertainty around Rite Aid Pharmacy merger with Walgreens attracted some option speculators betting on further downside for RAD.
Smart money expect more upside from AAPL in the weeks to come. There were numerous bullish bets placed on AAPL calls on Friday.
A large institutional player sold 15’000 April puts on LUV committing over $17m of capital that the stock will hold the recent gains.
The option trader purchased 4000 of RF’s April calls betting $140K that Regions Financial Corp will continue going higher in the next 2 months.
The price of BUD went up almost 3% on Friday after Thursday’s post earnings announcement big drop. Some option traders are playing a bullish card believing that there is a big upside for BUD going into summer.
One options trader believes that ZAYO has at least 25% upside going into summer 2017. The trader made a large $0.5m call spread bet with almost 500% profit potential.