Jul. 6 at 5:01 PM
What's going on with
$GPC today?
O’Reilly's cash bid for the NAPA unit sparked an 8% run in 5 days
Now we're seeing a 3.5% pullback but the action is still hot
Check this out
Back-to-back July 17
$135 call buys, totaling 400 contracts at the ask on InsiderFinance
That more than tripled the open interest
These are sitting about 6 to 7% OTM with earnings on July 21
Traders seem to be eyeing a quick upside move
Looks like the play is on tight, defined-risk bullish structures
What’s your move?
