Trade #6 WLL open

Today is inauguration day for President Trump, I expect some movement in the market. I do not have a bias as to direction as nothing really will surprise me at this point.

Early on in the market I noticed Unusual Options Activity in WLL. It was for the March Expiration and looked very bullish. I believe that chart is bullish and wanted to join in on the fun.

There were 4000 call contracts bought for March 17th expiration for a $.25 price which was close to ASK. With a purchase that size it looked to inflate the price for that strike which was $15 and the stock was trading at $12.10. I noticed that the $14 strike had an ask of $.28 and no volume for the day but still had over 20,000 open interest. With that high of open interest I am confident there is enough liquidity for me to be able to exit later.

Bought 50 Call contracts in WLL

$.28

Expires March 17th

Earnings is on February 22nd, will be out of position before earnings.