May. 29 at 10:06 PM
What's going on with
$LYB?
Down 2.5% today and 5.5% over the week even with KeyCorp upgrading to Overweight and a
$73 target
Saw four massive June 18
$50 deep ITM call blocks with around 7,940 contracts lifting the ask on InsiderFinance
That's about
$13.6M in premium
Options bulls are stepping in but with
$LYB sliding hard this looks like tentative dip-buying or hedging
Need price stabilization before jumping in on this action
High uncertainty setup right now