$32M From an Insider Play
The thing about big money insiders is… they get the news before everyone else.
So they know how to profit before anyone else.
Before big news hits, I can tell something is coming just by witnessing how big money traders buy or sell options.
So I may not know exactly what is happening, but I get the important information firsthand about how the stock is likely to move in the near future.
Then, I can use that information to improve upon the directional play that insiders make – if they are right, and this trader is definitely right…
A trader gobbled up 60,000 calls in Clarus Corp (NASDAQ:CLAR) – before rumors of a potential Dicks Sporting Goods Inc (NYSE:DKS) acquisition.
I saw the initial play on July 19th, when the trader bought 60,000 calls paying $6.67.
And since then, CLAR is making a run at the 6-month high.
Image from wallstreet.io
The trader sold their calls at $12…
So they made just under $32 million on this play.
I watch big money moves just like this every day, and I found another insider that thinks a stock is heading lower.
Another big money player is betting on a fade in THIS stock…
I saw a massive put buyer – 15,000 contracts for $0.50 – betting that ICLN is ready to drop.
Heading into the inflation reduction bill, iShares Global Clean Energy ETF (NASDAQ:ICLN) has soared from $16.84 mid-May to $23.70 as I write this.
Image from wallstreet.io
Since implied volatility (IV-RED LINE) is relatively low, it would be a good time to buy cheap puts here to piggyback.
IV on ICLN doesn’t get this low very often, and that means options will be priced cheaper than normal.
I’ve made a lot of traders happy so far by sharing these insider insights in the Inside Money Trader room, and I will be posting my next trade alert by Wednesday at 3:00 p.m. (ET).
Make sure you have access to the trade by signing up right here.
Or call 877-848-3418 to join right now.
Hope to see you there.
Until next time,
Mark Sebastian
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August 15 2022
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