Feb. 21 at 3:36 AM
$GEO took a nosedive today, down 13.42% with no big news driving it
Looks like traders are jumping on calls, not puts, with aggressive buying in mid and long dated expiries
We're seeing 8,938 contracts and
$624K in premium but no clear trend here, just speculative plays
Implied vol is up, making these calls pricey and decay prone
Might be safer to wait for IV to drop or use defined risk setups
Watch for reversals, as chasing more downside could backfire without a solid catalyst
Keep any bullish bets tight and well managed