Sep. 18 at 4:38 PM
What’s happening with
$QTWO
Big move today with 2,385 Oct 17
$90 calls swept at the ask
That's a serious play with open interest at just 12 before this
Seeing this kind of aggressive positioning signals fresh upside into next month
Price is up 2.14% today and 2.77% over the last 5 days
All this call flow suggests more momentum could be on the way
Implied vol on these sweeps is running around 36 to 38% without any clear catalyst
That makes outright calls pricey
Might be smarter to look at defined-risk call spreads to manage that premium and decay
Keep an eye on this one
