Sep. 29 at 10:34 AM
$IBN Flow regime is directional speculation via calls, not hedging, mostly short-term positioning. Scenario 1: hold
$30.50 → rebound to
$31.50–32.00 near call clusters. Scenario 2: fail to reclaim
$31.00 → pinned in
$30.00–30.50 balance zone. Scenario 3: break below
$30.00 → fast drop toward
$29.00 with gamma flip risk. Preferred trade: Oct
$31/
$33 call verticals, cheap convexity, benefit from skew flattening. Hedge:
$30/
$29 put spreads to guard against breakdown risk. IV ~21% is modest, limited premium decay supports call structures.
