Feb. 11 at 5:33 PM
$EWZ breaking higher, up 5% in 5 days and 2.5% today
Big players are piling on with April OTM call sweeps
Just saw a 30k Apr 17
$40 sweep followed by a 20k Apr 17
$42 sweep today
That's about
$6.3M in premium
These aggressive moves suggest they are adding upside exposure, not fading
Also saw a 20k Feb 20
$38.5 call buy at the ask today, around
$2M
Traders are pushing short-term upside
Betting on a reversal seems riskier while these positions are live