NTRS Options Buyer Swings for the Fences

Northern Trust NTRS – NASDAQ

Friday, October 06, 2017

Despite the stock market finally closing a session in the red (albeit barely), sharp paper continues to anticipate more strength as evidenced by some bold trades. Northern Trust NTRS – NASDAQ was the beneficiary of one such trade earlier today when 15,000 NTRS November 100 calls were picked up.

NTRS

While this trade cost north of $1 million, what’s far more significant is its relative size as NTRS only trades 283 call options per day on average. Translation? This single order accounted for 53 times typical volume.

Given a break-even price of $100.70, NTRS needs to increase 7.9% for this trade to pay off by expiration. If it does, our customer will take in $1.5 million for every dollar NTRS rises above this level. With earnings approaching on October 18, does this trader already know what the public doesn’t?

Get Tipped to Big Buyouts: By tracking unusual options activity, we alert members to big trades being made by insiders and pros. It’s like getting advanced notice on mergers and acquisitions, allowing you to get positioned before the headlines break. Click here to start trading with us.


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