MetroPCS seeing heavy early call volume on this last day of the year. Shares near 8.30 and 3450 calls have traded in the opening 15mins. This dwarfs the avg daily call volume of 521 for the stock. Earnings not expected til late Feb, and most of the volume was a sweep of nearly 1800 Jan 7.5 calls for 95cents when shares were at 8.21. Call volume as also heavy on Weds when more than 3000 Feb 11 calls traded for an avg price of 10cents, opening.
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Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.