Jul. 21 at 8:31 PM
What's driving
$CBRG today
This 2x daily leveraged ETF on CBRS just ripped up 35.6% with no news in sight
That's 31.7% over 5 days, all on the back of some wild underlying moves
Options traders are piling into August OTM calls with IV over 200%
We're seeing 2,480 Aug 21
$6 calls swept at the ask, way above the open interest
Serious upside appetite here
Just watch out for that gap risk
This is high volatility territory, keep those risk structures tight