Jun. 5 at 12:56 AM
Big moves on
$DNOW today
Those August
$14 call sweeps are catching eyes
3,111 contracts at the ask, about
$282K in premium
No news driving it but this aggressive positioning says something
Stock's up 2.1% today, 2.4% over the last five days
This call buying isn't fading the uptrend, it's backing it up
Keep an eye on that strike and expiry for more action
Tomorrow's key
Need to see sustained strength and liquidity above today's range to confirm this bullish vibe
Let's see if it holds up