Jul. 3 at 12:51 AM
$RAM looking interesting
Tape’s flat, no news, but check out those back-to-back buys in the July 17
$28 calls
First a big block, then a sweep
Definitely some speculative upside positioning here
Over the last two sessions, 1,305 contracts bought at the ask, roughly
$92K premium
All recent RAM options action is focused on this short-dated line
That strike and expiry is the key level to watch
Today's sweep hit those calls when they were around 75% OTM with implied vol above 200%
Market's pricing in some wild short-term volatility
High risk to chase unless you see a big move coming before July 17
Keep an eye on price and volume for confirmation