Mar. 18 at 6:54 AM
$IOVA AI tells me:
As of March 17, 2026, the "big money" is heavily concentrated on the upside for the April 2, 2026 expiration. The open interest (OI) distribution shows that institutional traders are positioning for a breakout above current levels, specifically targeting the
$5.00 and
$6.00 marks.
Bullish Skew: The massive disparity between Call OI at
$5.00 and Put OI at
$3.50 indicates that institutional sentiment is roughly 8:1 bullish for this specific expiration week.
Resistance Levels: The stock faces significant technical resistance at
$5.81 and
$6.53. A break above these levels, fueled by high call volume, would likely trigger additional "buy" signals from automated trading systems.
Unusual Activity: Traders recently bought nearly 28,000 call options in a single session—roughly 364% above the daily average—confirming that large players are aggressively front-running the March 31 deadline.
