Latest Stock Buy or Sell?

A lot of put-buying last Friday and today we're seeing those returns. The first trade he saw today were 30,000 IWM puts. IWM covers the Russell 2000, down 4% today as of noon.

options Energy amounts to 30% of his holdings. He bought more Shell today because he saw some unusual action in the options market. The price of crdue may not be doing much, but there is certainly options action in it. He'll keep buying energy.

options Options in GS gives him versatility--he can sell options against it. GS has incredible implied volatility, so he can at least withstand this current downside. He bought this close to $312 and it's now $284, but he just took in over $20 in option premiums.

options Put-buying today of 20,000 of the July 9 puts for about 30 cents. That's interesting because they own the June 10 puts, made money, sold them and rolled to July 9. The stock was trading at $9.60 at the time.

options On Friday, investors were buying the 44 strike June calls. Now, they're buying the July 40 calls. Interesting, even though shares have pulled back 4-5% since last Friday. Investors will want to be in there. There was a buyer of nearly 11,000 of the July 40 calls for $1.75. That's why he believes energy still has more upside--there's unusual option calls to the upside.

options Still owns it and happy to despite it hitting a 52-week low. DRAM pricing is strong, though, and the cloud computing space is promising to them. They're stepping up to the plate. Super balance sheet and free cash flow. Many reasons to like it, even as markets fall lower.

options There's been call-buying here, huge ones, on the August 20 strikes. He's in them.