Aug. 22 at 8:30 PM
Heavy flow on
$DUST:
$29K of premium through the Sep 18
$55 calls, 27 days to expiry. For scale, that's about 2.0x the premium a typical flagged DUST print carries. They went in the money (8.1% inside), paying up for delta instead of gambling on distance. Usually a conviction tell, not a lottery ticket. The premium is modest; the one sided structure is what stands out.
Call buying this size is either straight conviction on a move higher or a short position getting nervous, both read bullish for the next month. For context, the broader tape is about 73% calls by flagged premium on Friday, swimming with the tide. Into the closing hour, when the real money often shows its hand.
Could be nothing, could be early money, that's why I flag it and just watch.
