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Software Bear Flow into Earnings Next Week

Elastic (ESTC) bear flow with 1380 September $100 puts bought $4 to $4.10 into 8-29 earnings, and still 2000 September $105 puts bought in OI from 7/30 trade. ESTC has run back into VPOC resistance and could work to fill a volume pocket back to $84

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Unusual Call Buy in Solid Looking Oncology Play

Culligan Oncology (CGEM) unusual buy of 500 October $20 calls for $3.20, nice long consolidation flag forming and $750M low short float Biotech trading less than 2X Cash. CLN-619 data expected in Q2. Wedbush in February with a $30 target saying Cullinan Oncology has a...

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Unusual Calls Bought in Copper Play

Encore Wire (WIRE) unusual 375 April $250 calls bought $3.60 to $4, cheap name trading 12.5X Earnings and 12.3X FCF with a high 22% short float and debt-free balance sheet, maker of copper wires/cables seems to be moving with Copper as DA Davidson raised target to...

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Carnival (CCL) Call Buying Surges

Carnival (CCL) has seen massive call buying accumulation since the start of May including 40,000 July $12 calls, 10,000 September $11 calls, 15,000 July $11 calls, 4000 October $10 calls and 20,000 July $13 calls. Following a strong move last week shares are flagging...

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Unusual Call Buy in Hot Biotech

Biomea (BMEA) strong Biotech chart with a surge late as 1000 July $40 calls are bought for $5.20 in unusual action. BMEA soared on type 2 diabetes results that were seen as potential game changing

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Unusual May Calls Bought in Biotech into Key Data

Aclaris (ACRS) IV rising with May $15 calls bought 2200X $2 to $2.30 in unusual action, a $955M Biotech trading just under 4X cash. Zunsemetinib has the potential to be the first-in-class MK2 inhibitor across multiple large-market autoimmune indications including...

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