Options Player Makes Big Splash In JBHT

[RagingBull Elite]( Dear Undefined, If you don’t already know, Kyle Dennis is an expert at trading catalyst events—according to his career PnL (+$8M in trading profits). From what Kyle tells me, whenever he places trades based on options flow, he often has no clue what the catalyst is. However, if someone is willing to throw down six, seven, or even eight-figure bets on a trade—they’ve probably done their due diligence. That’s why Kyle is always intrigued when he sees something which seems off the wall. What do I mean by that? Well, what piques Kyle’s interest are the trades that look like they have a slim chance of working out...but somehow manage to hit big. Today, Kyle showed me some option action he saw in JB Hunt Transport Services (JBHT), a firm recognized for being one of the largest transportation logistics companies in North America. It all went down Wednesday morning when his Dollar Ace scanner picked up on— one options player buying 1,000 May15 $110 calls. All in all, the trader forked over $112,000 to slap it on. Why Does Kyle Find It Interesting? - The trader needs the stock to rally by 11% just to break-even. - There is no catalyst that I’m aware of. The next known catalyst is earnings which is in July. - The bid/ask spread in JBHT is wide. In other words, it’s going to be hard for this trader to get out without enduring some slippage costs. - The options expire in about 3 weeks, so they need this move to happen fast. - We’re still in quarantine, so Kyle doesn’t see how business can pick up between now and the expiration date. - On an average day, the volume for JBHT calls is only 98 contracts. The order Kyle saw was 10X that. Yet with all these factors against the trade… This trader was confident enough to throw six figures in it. Kyle sees action like this every single day. And while he hasn’t touched this trade yet, he has been making moves in other places… Like Kyle mentioned to me before, these trades are out there. You don’t have to know the catalyst, you just have to follow the paper trail. It’s so simple and easy to make money when you do. If you haven’t signed up for Kyle’s Dollar Ace Masterclass then you’re missing out. [All you have to do is register here.]( [You’re just moments away from discovering the ultimate insider strategy.]( [It’s 100% free to take the class]( [Check it out, Kyle can’t wait to show you this!]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails]( Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC.