Big bet on $BBY

1.1 million bet in here

Trader bought 7’889  Best Buy Co. (Electronic stores)  AUG29 strike 31 @1.40 with volume (10’184) > (120) it looks like an opening position.

The indicators seem to show that this wants to go higher, in particular the ichimoku cloud. Good news also since CFO + CEO bought respectively 47’510 and 92’382 shares.

Earnings on Aug, 26.

I am long @ 1.45

$MCP, calls are increasing

Very nice day for $MCP.

Call buyers are massively increasing their positions today. $MCP closed today @ $ 2.15 with a daily range between $ 2.08 and  $ 2.21.

Top 3 new positions are:

5’687 MCP Sep-14 2.5 C
4’164 MCP Jan-15 2.5 C
3’500 MCP Fri 8/8 2.5 C  (Wkly)

The market is expecting a rebound very soon at a level at or above 2.5.

Wait and see.

$MSFT / Jan-16 45.0 C

Trader adjusted his position and bought 38’800 MSFT Jan16 45.0 Calls @ 2.60 while he stock was trading @ 41.89. Same trader closed 22’400 Jan-16 40.0 Calls @ $4.55 and 16’500 Jan-15 40.0 Calls @ 3.175.

MSFT is currently trading 2 times usual volume. It will release results on July, 22.

Top interest position is currently 125’920 MSFT Aug-14 35.0 C.

Strong bullish sentiment on that one!