Half a Million Made Under the Radar! $SPNS Buyout News — Transcript

Full transcript

1. 0:00Someone quietly stacked $33,000 into
2. 0:02SPNS calls over the course of a month,
3. 0:04then exited all of them for insane
4. 0:06profit all at once. Starting off on July
5. 0:0921st, a tiny little order of 19
6. 0:11contracts on the SPNS $30 call expiring
7. 0:14on August 15th hit the tape for an
8. 0:16average price of $110 each. Small enough
9. 0:18to slip by most people's screeners and
10. 0:21well within the ticker's average daily
11. 0:23traded volumes. Then on August 4th, 5th,
12. 0:25and 7th, three more trenches were added,
13. 0:27bringing the total size of this position
14. 0:29to a clean 500 contracts at an average
15. 0:31price of 85 cents per contract. Mind
16. 0:34you, these weren't the cleanest prints
17. 0:35in the world. The bid ask spread was
18. 0:36extremely wide, and the contracts filled
19. 0:39closer to the bid, marking them as
20. 0:40potentially sold to open. However, the
21. 0:43consistency over time and the largest
22. 0:44order that occurred on August 7th,
23. 0:46happening at a very clean at ask fill,
24. 0:48suggest that these positions were bought
25. 0:50to open. On August 13th, Sapians
26. 0:52International dropped a nuclear
27. 0:53headline, an allcash acquisition for
28. 0:56$2.5 billion, giving shareholders $43.50
29. 1:00per share, which is an insane 46%
30. 1:02premium from the prior market close of
31. 1:04$29.80 per share. And during market
32. 1:07hours on the 13th, SPNS investors
33. 1:09highlighted the stock skyward, trading
34. 1:11as high as plus 45% intraday. Naturally,
35. 1:14the contract soared in value. This
36. 1:15trader exited their position just two
37. 1:17days before expiration with 434 of those
38. 1:20contracts hitting at the bid for $1242
39. 1:23each from an average entry of 85 cents
40. 1:25per contract. That marks a ridiculous
41. 1:28gain of $1,360%.
42. 1:30The trader really cut it closer with
43. 1:32their timing. However, this marked a
44. 1:33profit of $56,000.
45. 1:37Lucky or sneaky? You can follow the flow
46. 1:40and much more at unusual.com.