May. 10 at 11:15 AM
$AMPL had a wild week
Spotted a big 2,500-contract May 15
$7 put on InsiderFinance with spot at
$7.53
That's about 7 times the open interest and it took up 80 percent of the options premium
Even after an 8 percent rebound post-earnings, the stock is still down nearly 18 percent over the past five sessions
Traders are eyeing that
$7 level into next Friday's expiry
With the thin options tape and mixed signals, the
$7 strike is a battleground
No clear direction yet so it's all about waiting for confirmation before making any big moves
Keep an eye on volatility here
