Aug. 26 at 6:30 PM
$ABSI taking a hit, down about 3.9% today and 3.2% over the last five days after the lock-up expiration
That’s putting some pressure on new longs with the supply overhang
Noticed a chunky call block at 10:04 ET, three Jan 2028
$3 deep ITM calls, 2,247 contracts, around
$1.53M premium, all on the ask
No put flow, so someone’s betting on long delta exposure into this dip
While it props up the bull case a bit, the deep ITM setup and ongoing selling pressure keep short-term plays tricky
Feels like a long game here, not a quick win
