Sep. 8 at 8:54 PM
What's up with
$XP today?
Two big ask-side call blocks hit during a 2% drop
Headlines went risk-off so we're seeing a price and flow divergence
$944K in call blocks, 8,750 Sep 19
$18 and 5,000 Dec 19
$23, no open interest at print
Buyer interest is there but execution quality isn't convincing
Need to see OI and price confirmation before making a move
Sep 19
$18 call is right at the money with 11 days to expiry
Holding above
$18 supports bullish positioning
Drop below means more downside pressure likely
Momentum flipped negative after a +3% 5-day rise
XP Asset's shift to safer stocks isn't helping
Downside is a concern