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Someone Just Spent $5M on 2027 Gold Miner Calls. Here’s the Catalyst.

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ticker lesson

Breakdown

0:00SK· ticker

Skina — unusual options activity, $5M spent on calls

  • Entity building large call position
  • $5M spent on $3250 calls
  • Volume spikes after long period of low volume
  • Market maker taking other side
  • December 17th, 2027 calls
1:37SK· ticker

Skina — catalysts for Q2 2027 production

  • Company revitalizing older mine
  • Gold and silver production in Q2 2027
  • Management talking about catalysts
  • Belief in production timeline
  • Options activity suggests interest in name
3:51SK· ticker

Market maker behavior and hedging strategies

  • Market moving from 540 to 580
  • Bid at 550, volume spikes
  • Market makers selling against the move
  • Hedging at 560-570
  • Underhedge or overheaded based on V
5:24lesson

Interpreting unusual options flow

  • Large projects require financing and reports
  • Group of people who know about the project is not small
  • Information in price may exist
  • Avoid overexcitement in small trades
  • Use alternative data for analysis
7:03lesson

Earnings and market sentiment analysis

  • Fed decision and MAG 7 earnings expected
  • Avoiding MAG 7 due to lack of bullishness
  • Testing call credit spreads on Nike
  • Using alternative data like credit card spend
  • Negating opportunities based on risk
9:08lesson

Using stock screeners and alternative data

  • Stock screener for volatility risk premium
  • Testing call credit spreads on Comcast
  • Elon's impact on Comcast
  • Negating trades based on geopolitical risk
  • Pentagon pizza trade as an example

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