Sep. 12 at 9:42 PM
$HTZ showing some strong action today
Saw a big ask-side sweep of 3,000 Nov 21
$7 calls at
$0.60
This is fresh bullish positioning with the size over open interest
Momentum is clearly in play here with a +3.06% move today and +15.32% over the past 5 days
This is all happening without any new catalyst
Looks like traders are betting on a continuation
With IV elevated between 84 and 162 percent, it might be wise to use defined-risk strategies or wait for more confirmation before jumping in
Keeping an eye on that
$7 level for risk management
