CLOV (Clover Health) short interest has dropped from the 40%s to the 20%s, which is still relatively high. The technical setup here is optimal after CLOV fell to 4-month support. I'd still like to see more volume here but we could see a quick pump to the $10 mark pre-earnings (August 11). Following the unusual options activity 32,000 call options expiring Jul 23 were opened at the $9 strike price today.
dont think well see it fall back down into the $6's i was so patient before the big one came but i like it from here again i opened up some $9 same week and 2 week out calls. pretty cheap and if things continue to sell off this and smile direct will boom out
Aplikos
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May I know where you check this unusual options activities. Thanks for tips.
Infidel777
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@vladimirderer look at the option chain. when volume is crazy high in comparison to open interest then it can be considered unusual option activity. Unless there are equal volume opposing side. Google it should help you out more.
dazxd415
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Awesome! great job. Where will we see some resistance?