Unusual Option Trade Alert Leads to 17 Consecutive Positive Closes

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I'm always on the lookout for unusual option trades. At the start of this year I was the first to spot highly unusual PUT action for $LNCO, for example. It also ended up being a $20-plus million profit for the buyer of those PUTs, for what it's worth. Check ou the $LNCO PUT post here: http://www.optionmillionaires.com/2013/lnco-line-enormous-and-unusual-option-bet-highlighted-months-ago-hits-paydirt/

And how about $LEAP wireless calls? $13k was turned into over $1 million! http://www.optionmillionaires.com/2013/leap-suspicious-13k-trade-could-net-over-1-million-when-the-market-opens-on-monday/

While I try to post the most unusual trades on the blog here at optionmillionaires.com, our forum is where you'll find most of the unusual option trades, volume, activity, etc. I don't post every single unusual trade, or volume, but just the ones I think are meaningful. Take $SXC, for example. On September 11th, 2013 I pointed out some unusual call buying in $SXC (Suncoke Energy). The stock has been on a tear ever since and has posted 17 consecutive positive closes. That's like a 30-game hitting streak in MLB or a 15 game winning streak in the NBA.

Additionally, the calls are up over 500% since then. Simply put, the unusual call buying was a great indicator of where the stock was headed going forward. Here's the link to my $SXC post in the forum: http://www.optionmillionaires.com/forum/showthread.php/564-Sxc Helpfully, you can also find my unusual trades, volume, and posts in the forum at optionmillionaires.com as well: http://www.optionmillionaires.com/forum/

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Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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