Unusual Option trade on $DD

On Jan 7th I noted that a trader has traded an unusual large amount of call options on $DD. That unusual option trade was interesting because of the (relatively) low brake-even point (3% from close) and the large amount of option traded. The volume for the day was 865  TIMES bigger then the entire open interests on the stocks. Also, and maybe more important – the expiration – 23rd of Jan was close – another testament to that trader’s convection.

— OptionSamurai (@OptionSamurai) January 7, 2015

On Jan 9th – just two days later, the market turned very bullish and stocks soared higher.  In two days the trader made over 400K$. Not bad: