Aug. 6 at 12:06 AM
$HESM looking quietly bullish after today
Someone just dropped about
$3.4M on in-the-money Aug 21
$37 calls
That’s roughly 9,600 contracts with zero put flow
This shows a concentrated bullish stance with 21 times normal call momentum
Earnings beat and guidance reaffirmed
Plus a focus on raised distributions sets a strong fundamental backdrop
Makes sense why traders are leaning into ITM calls instead of puts
Keep an eye on open interest tomorrow and a hold above
$40 for confirmation
Watch that
$37 strike and Aug 21 expiry, key lines in the sand
