One of the trades picked up on my options screener today is volume of 6300 December SPX 1800 calls that have traded today. These mostly went off at $1.30 or near the offer. The spread is outrageous with a bid of 85 cents and an offer of $1.35. Imagine, the S&P rising nearly 300 points more by the end of the year. Who knows exactly what that's all about - some sort of swap, or hedging? It's just way out there.
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