Mar. 4 at 12:04 AM
What's going on with
$TECK?
Aggressive call buyers jumped into April
$65 calls today even though the stock dipped another 3%
That's a 7.5% drop over five sessions
Talk about mixed signals
About
$4.5M in ask-side sweeps on those calls way above existing open interest
There's 0% put flow on InsiderFinance
This looks like speculative dip-buying, not a trend reversal
Price and flow are sending opposing signals so no clear edge here
High risk to chase this without price confirmation
Stay cautious