Markets closed mixed again, with the Nasdaq logging it’s seventh consecutive day of gains, while the
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While there was Interesting option activity in many names today, one really grabbed my interest. Most of the action is trading for a move to occur over the next few months meaning time is on our side.
Over 70% of options were purchased at the ask. I like seeing that type of action, as it highlights some impatience and/or confidence that these options are going to turn a profit.