Dec. 14 at 12:09 PM
$ITUB down almost 5% over the last five sessions
Options activity spiked with short-dated ITM calls but no real catalyst in sight
Saw a big cluster of about 6,100 Dec 19
$7 calls traded at the ask on InsiderFinance
That's over 2x the prior open interest so that's some aggressive action
Feels like tactical moves rather than a trend reversal
Be cautious with sizing, especially with that negative 5-day trend hanging around
