Jul. 30 at 8:20 PM
$MTSR is heating up
Big move with 409 ITM Aug 15
$30 call sweeps for a massive
$393,590 premium at the ask
That's some serious bullish conviction heading into mid-August
Check this out
252-contract Aug 15
$30 call sweep paid
$9.70 at the ask
That’s
$244,440 in premium with no puts to offset
Traders clearly expecting more upside by expiration
Momentum is strong
Call buying is 2.4 times the norm and not a single put in sight
This skewed bullish action could lift implied volatility and push MTSR higher over the next couple of weeks
Keep an eye on it