I just seeing what people would think about the situation i've just found. 120k call options have been bought today which is 10x the normal amount on this ticker. There is large amount of insider and institutional holders adding up to roughly 78% as of 31st jan. short interest is 17% as per yahoo finance.
The SP is $1.68 and up 5% approx but has been beaten down from $9 in Oct 22
There has been 2 large buys today ,one for 21st April for 60k calls on the $2 strike and the other for Jan 2024 $3 strike.
If this is someone anticipating good earnings tomorrow why would they pick dates so far out ?
I bought some calls for this week anyway just incase but nothing big
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