Feb. 10 at 2:24 AM
Big move in
$SCCO today
Saw a burst of deep ITM call buying, about
$26M in premium
Stock popped 4.1% on record earnings and a tight copper outlook
Institutions seem to be buying up the recent 3% dip
Heads up, SCCO goes ex-dividend tomorrow
Expect a drop at the open, around
$2.7 to
$2.8 per share
Watch out for early assignment risk on those short dated calls
Be careful fading this strength unless the flow changes