QuantInsider
Oct 3, 1:44 AM
$LWLG making moves with a solid ~4.8% pop today and ~6.2% over five days
Traders are eyeing that upside momentum with OTM call buys in November and LEAP expiries
Check out those two back-to-back ask-side sweeps in the Nov 20
$8 calls, 1,677 contracts vs 1,009 OI at ~100% IV
Definitely chasing that recent run
But keep in mind this is still speculative territory, not a big institutional play
The
$8 strike is a key pivot now
Watch out for reversal risk if momentum cools
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