Whale Resurfaces as Facebook, Amazon See Big Options Trades

(Bloomberg) — Trades in which tens of millions of dollars were spent betting on the biggest American technology companies have again surfaced in the options market, weeks after the Japanese conglomerate SoftBank Group Corp. was linked to similar wagers.Amazon.com Inc., Facebook Inc. and Netflix Inc. were among companies that saw block trades of call contracts Thursday, representing speculation on movements in their shares through the first months of next year. Call options are bullish bets by themselves but can also be paired with other positions as part of a hedge.The identity of the buyer wasn’t known. Analysts noted a resemblance …read more

Source:: Yahoo Finance

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