Trade Goes $238K to $1M Overnight on Earnings Caught LIVE on Unusual Whales — Transcript

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1. 0:00One earnings trader turned $238,000
2. 0:03into nearly a million overnight and
3. 0:05Unusual Wales users in the Discord
4. 0:06server caught it live before it
5. 0:08happened. Specifically noting the fact
6. 0:10that the total traded volume on this
7. 0:13specific contract was over 31 times the
8. 0:16average daily traded volume for the
9. 0:18company. There were no other call
10. 0:20contracts or put contracts that were
11. 0:21hit. There were no spreads, no multi-leg
12. 0:23trades of any kind. to straight up naked
13. 0:26calls for a total of 4500 volume of the
14. 0:29$10 SBH call expiring on August 15th.
15. 0:33These contracts filled at an average
16. 0:34price of $53 in premium per contract,
17. 0:37rounding out to a total of $238,000 in
18. 0:40premium spent. The next morning on
19. 0:42August 5th, Sally Beauty reported
20. 0:44earnings dropping a double beat on both
21. 0:46revenue and earnings per share. It goes
22. 0:48without saying that the market loved
23. 0:50that and we saw Sally rip up the trade
24. 0:52as high as $1.68 68 cents per share
25. 0:54during that session. But the rally
26. 0:56didn't stop there. The next day, it
27. 0:58traded even higher, hitting a high of
28. 1:00$12.22 per share. As SVH reached those
29. 1:03highs, these $10 contracts for August
30. 1:0615th exploded right along with it,
31. 1:08hitting a high of $2.20 per contract.
32. 1:12From their entry of 53 per contract,
33. 1:14that marked a $315%
34. 1:16gain, turning their $238,000 into nearly
35. 1:19$1 million overnight. Coincidence?
36. 1:22Maybe, but it definitely raised some
37. 1:24eyebrows. You can follow the flow and
38. 1:26much more at unusualwhales.com.