May. 19 at 3:06 AM
$CVX looking strong with that upside momentum
After a solid 5.55% gain over the last 5 days and a 2.63% pop today, the options flow is heavily call-skewed with about 78% calls and 12x momentum
Spotted those repeated May call sweeps on InsiderFinance which aligns price and flow for a bullish setup
But keep an eye on those sizable put sweeps too like the 6/18
$185P and 5/22
$192.5p
They're hedging into the rally so while the setup is bullish it’s smart to consider the risk of a near-term pullback
Position size matters here