This Company Just Scored a $450K Boost! Here's Your Buying Opportunity.

Today we saw a trader buy over 9,000 MLCO October 26 Calls for $.55. I did NOT buy these Calls today because I still think the chart looks a little weak to me. This trade was SO big that it was mentioned on CNBC on the Halftime report.

This is the power of Insider Buyer in the options market. This gives the trader the right but not obligation to buy almost 900,000 shares of MLCO between now and October expiration and for this right they paid $.55 per 1 lot or $450,000 total. This is a big Insider Buyer of MLCO Calls. I am NOT LONG these Calls. This has been a name we have seen a lot of UOA in and this has been an Act.