For this week’s intriguing options block trade, we’re looking at a massive trade put on in Warner Brothers Discovery (WBD). The trader or fund manager appears to have sold a huge call position that is potentially being used to finance (part of) an even bigger put position. This type of strategy is called a collar, and it could be used to hedge downside risk without paying the full amount for the put protection.
— Jay Soloff'I love you, Jay! I went from a $7,000 portfolio to $50,000 literally OVERNIGHT!' [sponsor]
I woke up to this message in my inbox one day in the midst of this crisis when our E*Trade option skyrocketed 1,421% in 9 days. One member, Jake, profited $43,000 literally overnight. And the thing is, Jake had been following me for only about four weeks. I'm sending out these opportunities every month now. Click here to see what to do to get my next trade.
Source: Investors Alley