Scorpio Group president Robert Bugbee is once again putting his money where his mouth is when it comes to the stock performance of the company's listed tanker arm, and he's sharing his betting strategy with TradeWinds.
He has splashed out $2.1m to buy call options on 550,000 Scorpio Tankers shares, packaged in 5,500 option contracts.
Of the call options, 1,000 contracts have a strike price of $15 and an expiration of January 2021, and 4,500 contracts have a strike price of $18 and an expiration...
