If you’re looking for the most unusual options trade today — or perhaps any day — look no further than lightly traded payment processor Vantiv VNTV – NYSE. On average, VNTV trades 73 call options per day. So when a trade crossed the tape for 7,000 VNTV August 70 calls at $0.70 apiece, we paid attention.
Accounting for nearly 100 times the normal daily call volume, not only is this the single largest VNTV position on any option line but it’s more than the combined amount of every option currently in open interest.
Costing $490,000, VNTV needs to increase 8.4% to the break-even price at $70.70 for this trade to pay off by expiration. After recently acquiring U.K.-based Worldpay and with earnings approaching on July 27, this might hint at VNTV beating — or blowing away — expectations.
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