On Thursday, a combined $74.5 million worth of Amazon call options expiring in January and March changed hands, divided between two block trades. Almost $52 million worth of bullish Facebook options expiring in the same months traded in two transactions. Roughly $25 million was spent on similarly dated Netflix calls in two blocks, while $28.4 million worth of Alphabet Inc. bullish bets crossed in two trades.
“The pattern of these trades are very similar to that of those widely discussed in August, including the companies targeted, the sizes and maturities, and the delta neutral execution,” said Benn Eifert, chief investment officer of the hedge fund QVR Advisors.