Dec. 8 at 6:26 PM
What’s up with
$GTES today
We’ve got some interesting action on the Jan 16
$22 calls
Three ask-side prints totaling 608 contracts, way above the open interest of 9
Looks like some early bullish bets but don't jump the gun yet
The price is flat today, down 0.21% and has slipped 2.26% over the last five days
Flow skews bullish but this divergence means it might be wise to wait for stabilization
Insider G Montgomery just sold
$927K worth, cutting his stake by 43% in the last 48 hours
That’s a bit of a headwind
A clean break above
$22 with solid call volume and firming IV could change things
