Feb. 21 at 12:58 AM
$CRCL catching serious attention
Short-dated call buyers are all over that 8% rally this week
We saw a
$1.7M golden sweep and more ask-side sweeps in the Feb 27
$64 calls
Stock hanging around
$63 to
$64 so folks are pushing for more upside
But don’t forget a massive
$28.9M March 20
$240 deep ITM put block hit yesterday
Big money hedging hard, keeping risk and reward tight
Near-term feels balanced, not just a one-way street