Dec. 3 at 9:15 PM
What's the move on
$UUUU?
Seeing some bullish action with those call sweeps into 12/5 at
$16 to
$16.5
Over 2,580 contracts and that's more than the open interest on the
$16.5 line
Looks like some aggressive upside positioning, especially with IV around 100%
Price is up 3.5% over the last 5 days
Today's flat but that aligns with the bullish flow we've been seeing
Could be setting up for more follow-through in the next sessions
Not too worried about that Dec 19
$12 put sweep
It's far OTM and likely just a protective play
Unless we see more downside hedges, the bullish trend seems intact