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>> No.49397722 [View]
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49397722

Reposting this in new bread

>See unusual option volume
>Tons of new volume against low OI for a variety of dates
>Existing OI on june, july, august expiries across several points
>Know that a company isn't going to be writing $12m worth of OTM contracts because that's retarded
>Conclude that it's either a diagonal spread or covered call, or even a STO naked call
>Look at technicals and see that it seems to be within it's channels and a reversal is imminent based on STC/MACD
Very tempted to just grab some deep ITM puts (16 or 17$), but I also feel like I should want to confirm it doesn't break out

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