Aug. 4 at 5:57 PM
$COGT is on fire with a sharp momentum breakout
We're seeing concentrated buying of those Aug 21
$50 calls
1,272 swept at the ask for around
$88K
Volume is beating open interest with no put flow in sight
This is a big short term upside bet
Stock is up about 10.5% today and 7.7% over five days
There's no confirmed news driving it
This is pure momentum so keep an eye on
$50
It could reverse quickly if the speculative demand fades
Tight risk control is key here