Apr. 13 at 11:13 PM
Big moves in
$GOOGL today
Seeing aggressive call buying in May
$335 and June
$340 strikes
Volume is about 7 times the existing open interest on those May calls
That’s a lot of fresh upside positioning and it’s just 5% OTM
Calls made up 87% of the
$62 million options premium today
Buyers are piling in on strength and not backing off
Most action is in aggressive sweeps and blocks
Bearish flow is minimal
A few puts but nothing compared to the
$50 million plus bullish call buying
Sentiment is definitely leaning bullish here
Wondering if we will see a breakout soon