C3.AI reported earnings on 9/2 and results were mixed.
However, two days later (9/4), over 90K OTM call options contracts were purchased with a week to expiration across 3 strikes as follows:
45.8K 260911 $11C approx $595,400
30.5K 260911 $11.5C approx $180,300
14.1K 260911 $12 C approx $56,400
Combined total of \~$832,100 on calls with one week to expiration
https://preview.redd.it/8tyaxisynhoh1.png?width=1133&format=png&auto=webp&s=4cd4fd7ea329c305663acb7d377c84f053fb3336
As of close yesterday, the positions are still open and current:
As of close yesterday, the positions are still current
This is way abnormal OI volume for this ticker. Like over 1000% abnormal volume
Now we are three full trading days out from expiration, and edging up. SI is also 30%+ so if it does move it could go quick.
So who is it? Barron insider trading again before news breaks? A large fund hedging their bet? South Park, err, South American buying some FDs? Who knows, but I am copying the gamble
Positions:
250 260911 $11.5C
250 260911 $12 C