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Storage Leader with Event Catalyst Sets Up Bullish with Size Call Buys

Storage Leader with Event Catalyst Sets Up Bullish with Size Call Buys

by | Jun 2, 2022 | Open Interest Alerts

Western Digital (WDC) has been strong since late April and jumped recently on talks of a stakeholder pushing for the breakup of the company to unlock value. Shares have formed a bull flag since that gap and above $62.5 set up for a move into the $70’s. Option trades have been strongly bullish with 24,000 July $65 calls bought in open interest and 10,000 of the $55 calls also still holding.