Aug. 5 at 2:18 AM
$LOFF's been on a wild ride, up 19.7% today and 18.4% over the past 5 days
No news driving this, just a pure momentum play
Saw a 283-contract Aug 21
$20 call sweep on InsiderFinance
It's a big bet for late August but with no follow-through, it's just one trader going for it, not a sign of big money piling in
Options are pricey and illiquid with implied vol at 267%
If you're diving in, keep it tight with defined-risk plays or maybe sit this one out until things clear up
Watch for mean-reversion risk if you're thinking of chasing
