Apr. 5 at 11:10 AM
$MBI showing some action with those call sweeps
We saw a 1,345-contract sweep on the May 15
$6 calls, around 13 times the open interest
Looks like a fresh upside play into recent strength
Also, someone took a shot with a 364-contract sweep on the November 20
$7 calls
That’s over 40 times open interest
Seems like they’re eyeing a longer-term move
Keep it small if you’re following
MBIA up about 6.5% this week
Options volume spiking 320 times, all calls
Momentum is there but with a modest
$99K premium and thin options, be careful with size and duration