Snapchat potential breakout with crazy option flow today. News ? or perhaps just playing the trend and bullish confluence of indicators.
$28M Block 1/21/22C at ask ... can't ignore that.
I like the Oct or Nov 85C for an idea
Watching XOP here for a breakout of the box. Nice volume pocket above with continuation of the follow through AVWAP. Blocks and Sweepers on the tape today over $1M in premium OCT and DEC opex.
I typically don't trade weeklies but saw UOA for CCL and I like the ascending channel it's forming. Also looking flaggy with January AVWAP at $24.94 . MACD giving confluence as well.
Looking for a move near top of channel in next day or two.
Tight stops due to the decay ; 24 and 25 strike , small size. A couple 9/10 contracts as well (most likely will be the...
