Mar. 17 at 10:14 PM
$ALB had a nice over 2% bounce today
But don’t get too excited just yet
Saw some aggressive far OTM June call sweeps
Specifically four ask-side sweeps in the
$260 calls
We're talking 4,415 contracts with a
$1.34M premium
Sure that hints at some speculative upside interest
But without a clear catalyst and not much else driving the tape, it’s not a solid directional signal
Over the last five days, there’s been a massive deep ITM Mar 20
$95 call trade
3,630 contracts and a
$25.9M premium
One big player’s in control here
But their intent isn’t clear
Could be a hedge or stock replacement
