Aug. 18 at 4:49 PM
$ETHA looking spicy with a big move on the options front
Just spotted a 30,000-contract Sept 18
$16 call block bought at the ask for about
$0.23 on InsiderFinance
This is a massive bet making up two-thirds of the 5-day options premium
With
$ETHA only up around 2% over 5 days this signals some serious upside positioning
$ETHA's also leading in spot Ethereum ETF inflows breaking a two-day outflow streak on Aug 12 and again on Aug 17
Real-money demand is back giving bulls a nice tailwind
But remember those Sept 4
$12.5 puts are still in play so any bullish moves should be with caution