Aug. 23 at 11:12 AM
$VIRT going wild with that 14% 5-day and 11% 1-day pop off the
$3.5B sale review buzz
Big moves like these are drawing in momentum traders
Watch out for a snapback if the deal chatter cools
Options flow looking bullish with four ask-side call blocks totaling 2,633 contracts in the
$60 to
$65 strikes
Notably, a 500-lot Sep 18
$65C block with 188 open interest at the time on InsiderFinance
This confirms upside interest but don’t chase too hard after this rapid run-up
Heads up though, director stock sales from Aug 18 to 20 could cap gains
Stay sharp on entry timing and risk
