Aug. 5 at 3:42 PM
$ALK is on fire, up about 10% in just five sessions
Instead of taking profits, traders are doubling down with near-dated call buying
Check this out, around 5,100 September 18
$55 calls just went through, racking up
$1.55M in premium
That's some serious bullish action, aiming for a continuation into mid-September
As long as
$ALK stays above the low
$50S, leaning into the trend with defined risk plays could pay off
Keep an eye on this one