How We Made 82% in Less Than an Hour Hello, Savio. A couple of weeks ago, I started spotting a tremendous amount of Dark Pool activity on BP plc (BP). Below are all the Dark Pool prints on the global energy company formerly known as British Petroleum that I collected. They ranged from $20.75 to $20.90. 
Once BP went above those Dark Pool levels early last Monday, February 8, I recommended buying the BP March 19 $25 Call Options (BP210319C00025000) at $0.22. The reason I pulled the trigger when I did was that the price action went lower to test the Dark Pool levels but bounced up swiftly. That is a bullish sign. 
Below is the option chain at the time the time of my recommendation. 
What happened next, nobody saw coming, except the Najarian brothers who recommended BP on CNBC after spotting unusual options activity. My text message for this trade went out just before Pete and Jon spilled the beans on television. However, my email notification was a tad slower, and so many of you might not have been able to take advantage of this recommendation. You can see how fast this popped up after the “pump” on CNBC. We hit our first target almost immediately, when the option price jumped to $0.40, earning us a very fast 82% gain on the first half of this trade. 
That demonstrates the importance of signing up for my text service. To make sure you’re set up to receive my texts, click here. I send the texts out first, before my emails – and they are where we’ll “mark” our entry and exit prices. It turns out we got more Dark Pool prints last week on BP. 
If you missed the trade last Monday morning, there was still opportunity to get it under $0.25, my buy limit, during a pullback last week. 
By the end of the week, you can see that these out-of-the-money calls closed at $0.24. And this morning, BP popped again, as I suspected it would, and we closed another quarter of our calls for 100% gains. Stay tuned for my instructions on the final quarter. WFC Debit Put Spreads It looks like we may lose out on our last quarter of the Wells Fargo & Co. (WFC) debit put spread that expires this Friday. We opened up that trade on January 21. Since then, the half of this debit put spread hit our first target on January 27, and we closed it out for 44% gains. Later that same day, I recommended closing another quarter for 81% gains. So, we’ll come out in the black on this one no matter what happens. That said, on Friday, February 12, we had a 5 million-shares Dark Pool print on WFC, so we will watch this very carefully. Below is the tweet I sent out after I spotted these massive prints. 
In other words, if Wells Fargo heads in a bearish direction, that final quarter may not expire worthless. But if it goes bullish, I may recommend putting a strangle on our other open WFC debit put spread, which I recommended on February 1. That one doesn’t expire until March 19, so we have plenty of time to work with it. This Week’s Levels This week for the SPDR S&P 500 Trust (SPY), I am bullish above $392.50 and bearish below $390 For the iShares Russell 2000 ETF (IWM), I am bullish above $230 and bearish below $225. And on the Invesco QQQ Trust (QQQ), the Nasdaq-100 ETF, I am bullish above $337.50 and bearish below $330. What’s Ahead? This past week, I also spotted a high level of Dark Pool activity on the iPath S&P 500 VIX Short-Term Futures ETN (VXX). The VXX gauges fear in the market but is a very dangerous vehicle to trade. Below are the recent Dark Pool prints from my scanner. 
If those Dark Pool prints show the big institutions buying the VXX, we will see a pullback on the overall stock market. However, if they are selling the VXX, we should see a big rally! I hope that you enjoyed your three-day holiday weekend… and that you have a wonderful week! Until next time… Happy trading, 
Stefanie Kammerman,
Editor, Dark Pool Trader
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