Mar. 21 at 2:59 AM
$SLP took a hit this week, sliding about 5.6% with no fresh news driving it
Feels like downside momentum is in play
Any bullish moves here are counter-trend and need tight timing
Saw a 502-contract Apr 17
$15 call sweep bought at the ask, around 29% OTM with a ~
$15K premium
IV was about 94%
Looks like one trader is betting on a bounce but it's a low-confidence play
Wouldn't jump in without more confirming flow or some price strength first
Keep an eye on it but don't rush