Tuesday Morning Option Data
How about ole Monsanto this morning. The stock was up 16%+ and who would have guessed it that yesterday there were some highly unusual option trades that front ran the action?
We covered that here. Now on to today's option recap.
Yesterdays massive rally reversed overnight into today's rout as China's unexpected currency devaluation sparked a sell-off that moved stocks lower and their respective options some 100's of percent.
$AAPL plunged over 5% reversing all of yesterdays gains, something I thought might happen even before the big China news last night. PUT options soared some over 1,000% in reaction the the move.
$GPRO tumbled almost 10% sending PUT options I bought yesterday soaring.
and the unexpected Alphabet restructuring of GOOGL sent it's call options up 1,000%. After a slow start in 2015, GOOGL has had one of its best years in terms of movement.
Let's dig deeper into today's action.