May. 15 at 12:00 AM
$BILI took a beating today, down about 9% and 11% on the week
But what’s wild is all the options action piling into those far OTM July
$32 calls
Over 21k contracts traded with around
$393K in premium, all aggressive buys
This is some serious speculative upside positioning ahead of the May 19 earnings
Feels like a potential squeeze setup, even with the tape looking bearish
The flow's been all calls for the past 5 days, running at 40 times the usual activity
But keep in mind this is from smaller players, no unusual tags popping up
So while there’s some upside interest, it's not a slam dunk directional move
Just a heads up