CLOV is a healthcare SPAC that is quite popular with the wallstreetbets crowd. It typically carries a very large amount of open interest, and along with that a lot of options gamma. Because of this CLOV seems to pin SpotGamma’s highest gamma strike. In the chart below you can see this highest gamma strike for […]
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PLTR Surges on Call Buying
PLTR stock is up 20% today and as much as 80% in a week. While Citron has initiated a short into this rise, bullish Palantir posts are heavy on reddit/WSB. Our options data shows traders have concentrated their bets at the $30 strike, with a lot of that position expiring today, 11/27. We mention this […]
PRPL Mattress Fire – Options IV Burn
PRPL is a major retail WallStreetBets favorite, causing a huge runup in to 8/13 earnings. After reporting an ER beat the IV in the stock likely got crushed, which caused long OTM calls to decline sharply. This leads to dealers unwinding hedges, and a stock drop.
