IQ Long Options Play Tomorrow & Possibly into Friday

$IQ, as you can see on the hourly chart, every-time $IQ had a large green candle following a large red candle during the opening hour or closing hour, it moved up significantly. There was 1 instance i found it took towards the 2nd trading day for the move. Based on this trend and the LARGE call buying today ( July 40 over 16k, 45 over 21k, 50 over 13k), i plan to buy the July 40c at open. I was looking at the July 35c also due to it being 76% in itm, but due to the Delta of the 40c being.64 i think that gives you a better bang for your buck. Please note IQ has had insane call buying and movement. I STRONGLY SUGEST TAKING THE PROFIT WHEN IT IS THERE OR WRITING THE 50C AGAINST IT AS THE PRICE MOVES UP. As long as the market behaves overnight i expect to see new highs on this stock tommorow

Trade closed: target reached:

$IQ is up too high in premarket, let the stop pop and then pullback 42-42.50 then scale in back to 44-45, watch the 5m and 10m for the bottom reversale