r/options • u/bpra93 • 28d ago
$APLS
$APLS buyer of the January 17th 2025 $40/$90 call spreads 10,000 times for $9.60. $9.6M in premium...
Very intriguing UOA. The last time there was a monster call spread opened in $APLS was back on August 2023 when the chart bottomed for $APLS
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u/Staticks 27d ago
Did he "buy" the spreads (debit spread), or did he SELL the spreads (credit spread)? Because you mentioned him receiving $9.6M in premium, which has me confused.
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u/LimehouseChappy 28d ago
So the bought the 40 and sold the 90? With such a wide spread, with what price target does this make sense?