Feb. 5 at 10:51 PM
Big moves in
$ET today
Seeing a huge
$194M in deep ITM call blocks over the last 5 days
Mostly Jan 2027
$13S
Looks like some quiet institutional stock replacement action
No put flow at all, which is interesting
Also caught a massive 22,010-contract Mar 2026
$15 call block bought at the ask
This one is all about the upcoming earnings and dividend window
Could see some volatility as we get closer to those dates
Not necessarily a signal for a big upside but something to keep an eye on