Global Eagle Entertainment Inc. (ENT) Unusual Options Activity Leads to Great Trad

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Global Eagle Entertainment Inc. (ENT) is a provider of content, connectivity and digital media solutions for domestic and international airlines with in-flight solutions including interactive software and e-commerce solutions. ENT is trading at $14.02 close to the upper end of its 52 week range of $9.30-$16.01. Year to date the stock has performed in line with the market rallying a measly 2.65%. The stock ripped to the upside in today’s session by about 5.49% or $0.73.

Late in the session a trader bought 1,825 of the ENT July 15.0 Calls for $0.25 when the stock was trading at $13.89. This order was recorded around an hour after the open on OptionHacker, and the stock rose about $0.44 to $14.33 after the trade hit the tape. Over 5,350 contracts have been traded today hinting at bullish sentiment. The ENT July 15.0 Calls have traded as high as $0.50 in today’s session making this a highly profitable trade. This stock ripped to the upside when these calls were bought on intraday time frames from today’s session and continued to trade higher. The stock was higher today most likely due to news of the company set to present to Bernstein Global Future of Media & Telecom Summit.

Trade: A trader bought ENT July 15.0 Calls for $0.25
Risk: $25 per 1 lot
Breakeven: $15.25

If a trader bought a 20 lot of these Calls they would have profited $500 at the highs on $500 in risk. This is a great example of a hugely profitable UOA trade.

Andrew Keene

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