Feb. 26 at 8:16 PM
$SPT popping off today with a +6.29% jump ahead of earnings
Near-dated call buys are making it look tactically bullish
But remember this is all about the event
IV is near 100 percent and options are expecting a big move
Watch out for the March 20
$7.50 calls
About 3,000 of those were snapped up which is 3.3 times the usual momentum
That
$7.50 strike could be where the action is at post-earnings
Keep in mind any play here is a binary bet with gap risk and possible IV crush
Be ready for whatever comes next