Sep. 10 at 2:41 AM
What's going on with
$CPRI today?
Saw some aggressive ask-side call sweeps, 1,000 contracts on the 9/12
$21 calls with just 86 OI
This happened during a solid +4.25% move
If
$21 holds, we might see more action into Friday
Also, Oct 17
$22.5C had a 970-contract sweep with total volume around 7,062 vs 1,319 OI
Fresh bullish vibes here, marking
$22 to
$22.50 as the key zone to watch
But keep an eye on that elevated IV, options are pricey
Might be smart to consider defined-risk call spreads to protect against any theta or IV crush if things stall