Mar. 9 at 6:39 PM
$PAYO looking interesting today
Just saw a big burst of April
$5 call buying around 10:20 to 10:27 am
About 4.2k calls traded at the ask, over 20 times the existing open interest
That's a
$166K premium showing some serious upside positioning
Tape's been quiet and slightly red, so this could be an early signal
Gotta see if there's more follow-through or a price turn to confirm
All the flow in the last 5 days is focused on this line with implied volatility around 90 to 99%
Keep in mind, premium's rich, so if you're jumping in, manage your time and risk carefully