Aug. 18 at 6:14 PM
$WIX looking interesting today
Even though the options tape seems heavy on puts with a small September sweep, don't get it twisted
The real action is a massive
$672K ask-side buy on Jun 2028 calls
Way out of the money but showing some serious long-term bullish vibes
With a 10.6% pop over the last five days driven by that Q2 beat, there's momentum here
But watch out for the new class-action headlines
Might be smart to consider upside exposure with some downside protection instead of going all in unhedged
Momentum traders, keep those risk limits tight or maybe wait for a pullback
Don't just chase the heat
