Jun. 5 at 1:38 AM
$NOK ripping with a 9.5% pop in the last five sessions
Call flow is dominating with nearly
$30M in sweeps
Traders are clearly bullish and prefer calls over puts which are just 30% of the flow
Today, saw big ask-side call sweeps in the Sept 18
$21 and July 17
$16 strikes on InsiderFinance
This shows they're betting on more upside in that
$16 to
$21 zone
But watch out, large June put sweeps at
$17,
$15.5, and
$14.5 suggest some are hedging for a pullback
Momentum looks strong but keep risk in check with defined risk strategies
Let's see if this trend holds