Jul. 20 at 5:06 PM
Seeing some interesting action in
$TMHC today
We've got around 2,200 in-the-money
$70 calls across August to October expiries trading at the ask with about
$580K in premium and strong sweep activity on InsiderFinance
Looks like big players are positioning for some upside around the
$70 mark
Noticing those October
$70 calls with 400 to 535 contracts, way above the current open interest of 285
This feels like fresh upside moves, not just closing out positions
Even though
$TMHC is only up 0.45% today and 0.71% over 5 days with no big news, this call buying suggests positioning rather than reacting to headlines
Might be wise to watch for a breakout