Jul. 30 at 2:26 AM
$ET showing some bullish vibes today
Despite a flat tape and no big news, we saw heavy ask-side buying in near-dated calls
Those 7/31 near-the-money call buys of 9,015x
$20C and 21,500x
$20.50C really spiked call momentum
This only makes sense if ET holds above
$20 to
$20.50
Also, keep an eye on that 9/4
$20.50 call sweep
Bought at the ask with size way above open interest, signaling new bullish positioning
Could be a key move if ET breaks and holds above
$20.50 with volume
Watch for that confirmation