Sep. 12 at 1:02 AM
$CPS looking spicy
Options traders diving into those one-week
$25 calls after that nearly 9% weekly drop
Spotted a tight cluster of 2,266 September 18
$25 call sweeps lifted at the ask on InsiderFinance
This isn't just hedging, it's an aggressive upside play
With CPS down about 9.4% over 5 days but up around 1.7% today, it’s setting up for a potential bounce
That ABL amendment boosting commitments to
$200M is a solid liquidity move, extending maturity to 2031
This could really cap the downside and support the bullish positioning here
Watch those tight stops though
The 5D downtrend is still in play
