• Hope128
    Strange call option activities on $PBF while stock price is sinking. Sept 18.4k 30 calls & 13.6k 35 calls,no volume on other strikes.
    8/13/14
    Reply (9)
    • Hope128: Calls are almost 20 times puts. Something big are coming? Will hold for now.
      8/13/14
    • Hope128: Sept 30 calls are increased from 18.4k to 23.5k in the last 2 days, no changes on other strikes.
      8/15/14
    • nclsamy: PBF up nicely since you posted. Those calls holders made pretty good profit.
      8/19/14
    • Hope128: Only 301 contracts traded on Sept 30 calls today, 23.5k remaining, which means those calls buyers still hold their calls for more.
      8/19/14
    • Hope128: $PBF ENERGY Announces $200 MILLION share repurchase program, those call buyers must have known the news ahead of time.
      8/20/14
    • nclsamy: It wouldn't be the first, nor the last. They made some good money with the calls. Wish I followed with shares.
      8/20/14
    • Hope128: I had some $25 short puts expired last Friday,I thought I had big chance to get assigned shares so I didn't buy any, but it jumped on Friday
      8/20/14
    • Hope128: I have some from $26.88, I will ride it until I see a big drop on calls OI, until now no reduction on Sept 30 & 35 calls yet.
      8/20/14
    • Hope128: Hold, there are still 23.6k Sep 30 calls & 13.6k 35 calls. Open interest Calls are 7x Puts.
      8/29/14