Smart Money or Stupid Bet In PLAY?

[RagingBull Elite]( Dear Undefined, Stocks have made an incredible comeback from their March lows. However, certain sectors like entertainment, travel, and restaurants are still struggling, and likely to remain weak. That’s why I was absolutely floored when Kyle Dennis told me he saw one trader come in on Friday and aggressively buy call options in Dave & Busters (PLAY). Now, if you’ve never heard of Dave & Busters, it’s a place where families can watch sporting events, eat, and play state of the art video games. Think Chuck E Cheese for adults1 and that’s what D&B is like. The company has 92 stores located in 33 states. Shares of the stock are trading at around $12, down about 79% from its 52-week highs which is $59.60. It’s one of those companies that will struggle while we’re social distancing. However, Kyle told me one options player believes it’s a buy RIGHT NOW. The trader came in and bought over 3,000 May 1 $12 calls, at the time of the order the stock was at $11.43. It cost them $227,000 to slap the trade on. Here’s why Kyle found it so compelling: - At the time of the trade, these were deep-out-the-money options. That means these options were set to expire worthless unless the stock moved higher. - The trader paid above the ask. At the time of the trade, the ask on the calls was $0.65. But this trader paid $0.73. The trader paid ABOVE the asking price, it doesn’t get more aggressive than that. - The options expire in less than a week, so they expect the move to happen fast. - On an average day, PLAY will trade about 1,300 options, but by Friday afternoon over 13,000 calls traded. An increase of 988% - Despite the stock spiking off the options order, the trader would still need the stock to trade to $12.73 to break-even if they hold to next Friday. If you follow the fundamentals or look at a chart, there’s probably little to no chance you would take this stock long… with so much working against the stock. That’s why this trade was so intriguing to Kyle. I asked Kyle, “Why would someone be willing to dish out nearly a quarter-million dollars on such a long shot bet?” Kyle’s guess… They Know Something We Don’t. The thing is, Kyle has been flagging unusual options activity like this all week. And he told me he doesn’t don’t see it slowing down anytime soon. Just a few days ago, Kyle spotted a flurry of call option activity in Beyond Meat when the stock was trading at $84, it’s now trading near $110 per share. And it’s possible that the smart money could be on to something with PLAY. According to Kyle, there is tremendous money to be made by following these types of trades. I know, because I’ve witnessed him make money by piggybacking off these ideas. But most importantly, Kyle is willing to teach others how easy it is to follow the money trail. It all starts by you taking his [Dollar Ace Masterclass.]( After taking it, [you’ll be exposed to an entirely new way to make money in the market.]( [Kyle promises you, you’ve probably never seen anything like this.]( [It’s like trading with tomorrow’s paper in your hands.]( [But it’s on you to take the first step.]( [Join Kyle’s class today, and see for yourself.]( 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. 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