Jun. 4 at 12:15 AM
$IRE took a hit today, down 3.62%
Options action is super quiet
Just one big play, 213x June 18
$60 calls bought at the ask, pricey vol at 222%
Someone's betting on a big upside but it's a lone wolf move
No strong bullish signals here
Zero put flow means this drop isn't hedged
Could bounce back or keep dropping, so chasing the downside is risky
Implied vol is sky-high, making long calls expensive
If you're thinking upside, maybe look at vertical call spreads or just sit tight
Keep it tight, keep it smart