STX $7M Short Call — Someone Just Sold Seagate's Ceiling and Collected $7 Million in 23 Days

Institutional whale drops $7M on STX options. At 10:18 AM this morning, a single trader sold $7 MILLION worth of STX May 1 $520 calls — collecting every dollar of premium upfront. The $520 strike is only 3.6% above spot ($501. Full analysis inside.