Sep. 12 at 1:47 AM
$CRCL just wrapped up a rough week with a 7.5% slide around the Tazapay deal and CEO sales
Saw some aggressive call sweeps today at the
$95,
$99, and
$100 strikes
Feels more like speculative bounce bets than a real trend change
Low trade count and only a 0.31% uptick after that drop mean we should wait for a solid intraday reversal and volume confirmation
Also noticed a
$100K put sweep for 10/16 at
$75 showing some downside caution
With mixed flow and high IV, there's no clear direction here
Stay tactical and maybe look at spreads instead of naked calls
