Aug. 15 at 12:44 AM
$RIO looking strong today
Massive near-term
$52.5 call buys have kicked off a 63.5x momentum surge
We're talking 25,580 calls expiring tomorrow bought at the ask for
$25.3M in premium
That's some serious bullish gamma demand
Zero put flow on 93,230 contracts totaling
$66.5M in premium shows an extreme bullish skew here
This could really push upside volatility into tomorrow's close
With iron ore strength looming, this setup is primed for a potential gamma squeeze
Keep your eyes on it