Jul. 12 at 11:12 AM
What's the play with
$MAT?
Saw a huge spike in options volume, over 60 times normal
One big player dropped a 10,000-contract buy on Sep
$15 calls at the ask, about
$435K in premium
Also saw a sizable August
$12 put buy
Feels like some institutional positioning rather than a clear directional move
Price is flat over the past week, no fresh catalysts in sight
Not seeing a high-confidence edge for new trades here
Anyone else watching this?