Aug. 22 at 8:10 PM
$460K of call premium has traded the
$FICO Sep 18
$1300 calls Friday, all on one contract. Volume ran 5.1x the standing open interest, which is the signature of a position being built, not unwound. For what it's worth, the model puts the odds of price tagging that strike before expiry near 47%. The strike is 10.9% above spot (
$1172.67), FICO has to actually move for these to pay, and 27 days out gives the thesis room to breathe.
When one strike keeps absorbing flow like this it stops being noise. That's real money positioning for FICO higher inside the next month. The feed as a whole leans 73% calls Friday, in line with the day's bias. Into the closing hour, when the real money often shows its hand.
