Jul. 7 at 1:12 AM
$CRTO looking spicy with that surprise over 50% premium takeover bid
The stock's up big, 21.4% in one day, but still trades below the offer
This isn't your usual swing, it's all about deal odds and a potential bump
Notable options action today
Saw 7/17 call sweeps at the ask, including a hefty 252x buy of the
$25 strike
Traders are clearly betting on some near-term upside, no puts in sight
Realized volatility's up and near-dated IV is sitting around 50 to 100%
Might be smarter to go for vertical spreads or stock plus options to keep risk tight
Don't want to get caught if the bid weakens
