Good Morning!

I’ve got 2 positions on my radar today that received some INSANE options flow in yesterday’s market.

This one was fascinating! Nearly $18 million of premium came in on this one in the last 10 minutes of the market being open. This buying spree was urgent and aggressive. It’s also particularly interesting because we have BMNR’s earnings tomorrow. Does someone know something? This is a lot of money to gamble without having some sort of intel or confidence that the earnings call is going to go well.

I’ve got no play here. Mostly because this came in super late and jumping in something right before earnings is a little to aggressive for my risk tolerance. Still interesting to track and see how this plays out for the rest of the week.

Volume off the absolute charts for ASST. The ticker traded for over $1 billion in volume yesterday. I really couldn’t nail down 1 single options contract to go with here so I just went with the general action across the entire options chain. This one received over $40 million yesterday alone in call action.

There were sweeps at and above ask all day long. This one has the potential to really squeeze. This has the ingredients to be a BYND play (see BYND ticker last week). I’m not saying it’s a guarantee because nothing is in the market. This definitely has some gaps to fill to the upside if it can keep running, though. Either way, today will be volatile!

I recorded a short 6 minute video talking about each of these positions for those of you who want a bit more. Feel free to subscribe to the channel as well!

Hope this info is helpful and let’s see how it plays out in today’s market.

Talk tomorrow!

-Caleb