May. 6 at 9:53 PM
$CHYM saw some aggressive 5/15 call sweeps today
It pushed up 4.5% with no fresh news
All 4,002 contracts were on the ask with zero put flow
That screams short-term upside play over hedging
The 5/15
$25 calls, about 15% OTM, traded 3,002 contracts against 2,176 open interest
That's unusual and points to a tactical push
But remember, CHYM's still down around 2.4% over the last 5 days
This setup is high volatility with IV around 100 to 109%
Chasing now means paying a premium and taking on gap risk unless we see more upside action
Keep an eye
