Oct. 5 at 11:19 AM
What a week for
$MRAM
Earnings beat and that RISC V partnership really lit a fire
We're seeing serious ask-side call action with 1,750 contracts on Dec 25
$10C and a 1,172 contract sweep for Mar 26
$15C
Both are larger than the open interest and hint at some fresh upside positioning
The stock's up 33.7% over the last 5 days and 9.4% today
Momentum is strong but if you're late to the party, tread carefully
Implied vol is running high around 62 to 67% so outright long calls are pricey and could get hit by IV compression
Consider defined risk strategies to play this bullish angle