Aug. 6 at 11:15 PM
$CE had a big player step in today with mid-September
$55 calls after a rough 5-day slide
Around 9,000 calls bought at the ask for about
$585K in premium
This sets a clear upside line
With no fresh catalyst and just three trades driving this, it feels more like a level to watch than a strong buy signal
$CE is down 3.36% over the last week
Today's options flow was all calls, no puts
Momentum was about 38.7 times the norm, hinting at some dip-buying interest
Still, I would wait for more price strength or additional bullish flow before getting too excited