Dec. 16 at 4:16 PM
Seeing some interesting action on
$PZZA
Heavy near-dated call buying hitting as the stock drifts lower
Aggressive Jan 16
$45 and
$55 call sweeps totaling around 14.7k contracts and
$814K in premium at the ask on InsiderFinance
That's about 6x the usual call momentum with zero put flow
Could be some speculative dip buying going on here
It's risky to chase without a price turn and stronger volume
Keep an eye on it