Unusual Options Activity in FUBO: 2700% In 1 Day?!

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Unusual Options Activity in FUBO: 2700% In 1 Day?!

TheStreet2022-08-17

Today, 20 minutes after the opening bell, Market Rebellion’s Unusual Options Activity service alerted its subscribers to a king-sized call option trade in (FUBO) .The Trade$5-strike call options with...

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ac1887
·2022-08-17
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RL7741
·2022-08-17
Good sharing [Smile]
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnusual Options Activity in FUBO: 2700% In 1 Day?!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 10:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/options/unusual-options-activity-in-fubo-2700-in-1-day><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today, 20 minutes after the opening bell, Market Rebellion’s Unusual Options Activity service alerted its subscribers to a king-sized call option trade in  (FUBO) .The Trade$5-strike call options with...</p>\n\n<a href=\"https://www.thestreet.com/investing/options/unusual-options-activity-in-fubo-2700-in-1-day\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUBO","symbol_name":"fuboTV Inc.","start_time":0,"source_url":"https://www.thestreet.com/investing/options/unusual-options-activity-in-fubo-2700-in-1-day","article_id":"2260485757","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2260485757","pubTimestamp":1660704126,"sourceInfo":{"source_id":"thestreet_highlight","name":"TheStreet"},"weMediaInfo":null,"summary":"Institutional traders are really starting to get the hang of timing these short squeezes.","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FUBO":"fuboTV Inc."},"translate_title":"富博异常期权活跃度：1天2700%？！","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUBO":1},"content_text":"Today, 20 minutes after the opening bell, Market Rebellion’s Unusual Options Activity service alerted its subscribers to a king-sized call option trade in  (FUBO) .The Trade$5-strike call options with four days to expiration, bought out-of-the-money for between $0.12 and $0.30, for a total trade cost of roughly $441K.Source: Market Rebellion’s Unusual Option Activity Pro ServiceImmediately after the trade, FUBO shares went wild, surging as much as 83% within a matter of hours. As a result, these options which were bought initially for as little as $0.12 ($12) traded as high as $3.15 ($315) — a gain of 2,728% at FUBO’s high of the day.Source: WeBullThat means this trader's $441K bet was at one point today worth as much as $6,615,000 — and is currently worth $3,045,000 (if the trader didn’t already sell).The CatalystVery little happened today to change the FUBO story — one of a cash-burning small-cap company with no P/E ratio. The company did have its investor day today, however the event didn’t result in any major news being broken about the company.More likely, FUBO’s run today was the result of a short squeeze. A short squeeze is when a highly-shorted stock rallies, forcing short-sellers of the stock to buy back their short positions at a loss, which in turn can drive up the price (particularly in small-cap, low-float stocks where there are few shares up for grabs) — triggering a powerful cycle in which a stock can gain a large amount of value quickly.This isn’t the first time that FUBO has been squeezed. The stock is up more than 150% this month. FUBO performed a similar rally back in late 2020 and early 2021 (where the stock ran from $9 to $48 in a short period of time) before falling back down to eEarth.Unusual Options Activity is on a Roll LatelyWhoever this option buyer was, they picked a great candidate. These options multiplied more (and faster) than the  (TWTR)  options we identified ahead of Elon Musk’s Twitter Takeover. And trades like these are becoming more and more frequent as the “smart money” begins to hone-in on these likely short squeeze candidates.Last week, Market Rebellion notified traders of a similar unusual options activity purchase in the highly shorted genomics company Invitae (NVTA). With shares of Invitae trading at just $2.78, a buyer began picking up thousands of the far-out-of-the-money $5 calls, paying as little as $0.05 per contract. Within the same day, similar to FUBO, shares of  (NVTA)  gained more than 200% following the purchase, turning a bet worth a few thousand dollars into $1.8M.Trades like these are why we follow the smart money.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9993555255,"gmtCreate":1660705267379,"gmtModify":1676536383796,"author":{"id":"3585352116267703","authorId":"3585352116267703","name":"ac1887","avatar":"https://static.tigerbbs.com/a4f5865f79452e7da123e88ff35959e5","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993555255","repostId":2260485757,"repostType":4,"repost":{"id":"2260485757","pubTimestamp":1660704126,"share":"https://www.laohu8.com/m/news/2260485757?lang=&edition=full","pubTime":"2022-08-17 10:42","market":"us","language":"en","title":"Unusual Options Activity in FUBO: 2700% In 1 Day?!","url":"https://stock-news.laohu8.com/highlight/detail?id=2260485757","media":"TheStreet","summary":"Institutional traders are really starting to get the hang of timing these short squeezes.","content":"<html><head></head><body><p>Today, 20 minutes after the opening bell, Market Rebellion’s Unusual Options Activity service alerted its subscribers to a king-sized call option trade in  (<b>FUBO</b>) .</p><h2>The Trade</h2><p>$5-strike call options with four days to expiration, bought out-of-the-money for between $0.12 and $0.30, for a total trade cost of roughly $441K.</p><p class=\"t-img-caption\"><img src=\"https://www.thestreet.com/.image/t_share/MTkxNjYyMTcyNTU0NjY3Njgz/screen-shot-2022-08-16-at-31234-pm.png\" tg-width=\"1200\" tg-height=\"733\" width=\"100%\" height=\"auto\"/><span>Source: Market Rebellion’s Unusual Option Activity Pro Service</span></p><p>Immediately after the trade, FUBO shares went wild, surging as much as 83% within a matter of hours. As a result, these options which were bought initially for as little as $0.12 ($12) traded as high as $3.15 ($315) — a gain of 2,728% at FUBO’s high of the day.</p><p class=\"t-img-caption\"><img src=\"https://www.thestreet.com/.image/t_share/MTkxNjYyMjcyMTQ0MjIxNjgy/0baddb99-5487-49ea-8579-93c98febd2db.jpg\" tg-width=\"1200\" tg-height=\"853\" width=\"100%\" height=\"auto\"/><span>Source: WeBull</span></p><p>That means this trader&#39;s $441K bet was at one point today worth as much as $6,615,000 — and is currently worth $3,045,000 (if the trader didn’t already sell).</p><h2>The Catalyst</h2><p>Very little happened today to change the FUBO story — one of a cash-burning small-cap company with no P/E ratio. The company <i>did</i> have its investor day today, however the event didn’t result in any major news being broken about the company.</p><p>More likely, FUBO’s run today was the result of a short squeeze. A short squeeze is when a highly-shorted stock rallies, forcing short-sellers of the stock to buy back their short positions at a loss, which in turn can drive up the price (particularly in small-cap, low-float stocks where there are few shares up for grabs) — triggering a powerful cycle in which a stock can gain a large amount of value quickly.</p><p>This isn’t the first time that FUBO has been squeezed. The stock is up more than 150% this month. FUBO performed a similar rally back in late 2020 and early 2021 (where the stock ran from $9 to $48 in a short period of time) before falling back down to eEarth.</p><h2>Unusual Options Activity is on a Roll Lately</h2><p>Whoever this option buyer was, they picked a great candidate. These options multiplied more (and faster) than the  (<b>TWTR</b>)  options we identified ahead of Elon Musk’s Twitter Takeover. And trades like these are becoming more and more frequent as the “smart money” begins to hone-in on these likely short squeeze candidates.</p><p>Last week, Market Rebellion notified traders of a similar unusual options activity purchase in the highly shorted genomics company Invitae (NVTA). With shares of Invitae trading at just $2.78, a buyer began picking up thousands of the far-out-of-the-money $5 calls, paying as little as $0.05 per contract. Within the same day, similar to FUBO, shares of  (<b>NVTA</b>)  gained more than 200% following the purchase, turning a bet worth a few thousand dollars into $1.8M.</p><p>Trades like these are why we follow the <i>smart money</i>.</p></body></html>","source":"thestreet_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unusual Options Activity in FUBO: 2700% In 1 Day?!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnusual Options Activity in FUBO: 2700% In 1 Day?!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 10:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/options/unusual-options-activity-in-fubo-2700-in-1-day><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today, 20 minutes after the opening bell, Market Rebellion’s Unusual Options Activity service alerted its subscribers to a king-sized call option trade in  (FUBO) .The Trade$5-strike call options with...</p>\n\n<a href=\"https://www.thestreet.com/investing/options/unusual-options-activity-in-fubo-2700-in-1-day\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"https://www.thestreet.com/investing/options/unusual-options-activity-in-fubo-2700-in-1-day","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260485757","content_text":"Today, 20 minutes after the opening bell, Market Rebellion’s Unusual Options Activity service alerted its subscribers to a king-sized call option trade in  (FUBO) .The Trade$5-strike call options with four days to expiration, bought out-of-the-money for between $0.12 and $0.30, for a total trade cost of roughly $441K.Source: Market Rebellion’s Unusual Option Activity Pro ServiceImmediately after the trade, FUBO shares went wild, surging as much as 83% within a matter of hours. As a result, these options which were bought initially for as little as $0.12 ($12) traded as high as $3.15 ($315) — a gain of 2,728% at FUBO’s high of the day.Source: WeBullThat means this trader's $441K bet was at one point today worth as much as $6,615,000 — and is currently worth $3,045,000 (if the trader didn’t already sell).The CatalystVery little happened today to change the FUBO story — one of a cash-burning small-cap company with no P/E ratio. The company did have its investor day today, however the event didn’t result in any major news being broken about the company.More likely, FUBO’s run today was the result of a short squeeze. A short squeeze is when a highly-shorted stock rallies, forcing short-sellers of the stock to buy back their short positions at a loss, which in turn can drive up the price (particularly in small-cap, low-float stocks where there are few shares up for grabs) — triggering a powerful cycle in which a stock can gain a large amount of value quickly.This isn’t the first time that FUBO has been squeezed. The stock is up more than 150% this month. FUBO performed a similar rally back in late 2020 and early 2021 (where the stock ran from $9 to $48 in a short period of time) before falling back down to eEarth.Unusual Options Activity is on a Roll LatelyWhoever this option buyer was, they picked a great candidate. These options multiplied more (and faster) than the  (TWTR)  options we identified ahead of Elon Musk’s Twitter Takeover. And trades like these are becoming more and more frequent as the “smart money” begins to hone-in on these likely short squeeze candidates.Last week, Market Rebellion notified traders of a similar unusual options activity purchase in the highly shorted genomics company Invitae (NVTA). With shares of Invitae trading at just $2.78, a buyer began picking up thousands of the far-out-of-the-money $5 calls, paying as little as $0.05 per contract. Within the same day, similar to FUBO, shares of  (NVTA)  gained more than 200% following the purchase, turning a bet worth a few thousand dollars into $1.8M.Trades like these are why we follow the smart money.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993552581,"gmtCreate":1660705087945,"gmtModify":1676536383773,"author":{"id":"3585382015740768","authorId":"3585382015740768","name":"RL7741","avatar":"https://static.tigerbbs.com/4c7f207c89cff40c3478be616296b85d","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good sharing&nbsp;[Smile]&nbsp;","listText":"Good sharing&nbsp;[Smile]&nbsp;","text":"Good sharing [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993552581","repostId":2260485757,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":35,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}