Jul. 29 at 9:30 PM
What’s the move on
$INFY?
Up about 16% in five days
Today saw a huge wave of Aug 21
$15 call buying
Over 100k contracts traded, which is wild compared to the previous open interest
Looks like at least one big player is betting on more upside despite that JPM downgrade
With this kind of momentum and aggressive option flow, it might be smarter to ride the trend instead of trying to fade it
Keep an eye on that
$15 mark as a key level in the next few weeks
