Jul. 31 at 1:26 AM
$PAGP options tape is all about those big ITM call blocks lately
Zero puts in sight
Stock’s flat, no news driving this so it looks like some heavy institutional repositioning
But without price moves or sweep action, it’s not a clear upside signal yet
Over 13,800 contracts traded as calls, around 42 times normal
Most hit around 2:47 PM with those Aug 21
$23 to
$25 calls
These were negotiated blocks, not sweeps, so it feels more like portfolio shuffling than a speculative push
Keep an eye on this
Maybe hold off on jumping in until we see some real follow-through or a breakout
