Trader takes a $1.4 Million Bet in DG

Dollar General Corporation, a discount retailer, provides merchandise products in the United States. Today we saw a trader buy over 7,000 DG 5.6.2014 55.5 Calls for $2.10. This is one of the biggest orders that I have ever seen in DG, so I knew the stock was going to rip to the upside. So, I decided to jump on board and buy these Calls as well. So, lets breakdown the trade in details.

Institutional Order Flow:
Trader bought 7,000 DG 6.6.2014 55.5 Calls for $2.10
Cash Outlay: $1.42 Million Dollars
Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long

I am LONG these Calls

Andrew Keene
KeeneOnTheMarket.com

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