We have a new buy alert that has triggered.
Our Hot Money monitor just spotted a massive amount of new call option contracts purchased, betting these will soar higher.
This is really interesting because they coming in the last hour of trading buying OTM calls…on a Friday.
Here's what I’m doing…
Buy-to-open Surface Oncology, Inc. (SURF) June 18, 2021, $12.50 Call (SURF210618C00012500)
At last glance, these contracts are trading at $0.15 x $0.35 per contract.
The buyer paid $.30 cents and I'm working orders at lower prices before the close.
This is a highly speculative trade.
Another way would be buying the $10 strike and selling the $12.50 call.