Example of a retail pump, a month ago the CHS $4s start going off at $.20. I grabbed some common at $3, a few calls at $.2-.40 following the flow. It’s $6 today. Lucky trade because Retail has been tanking. WS Bets forums with RH chats all talking SNDL. Stock was $.70s and $1 calls start standing out like a sore thumb. Bought a few Scratcher Calls for pennies. They hit $.60, out I went because of the colossal float I don’t trust. If the stock is solid like BBW’s earnings, stock was $10 and $12.5-Above strikes are flying off the shelf. High prob favorable trade for you. If you use Van’s fundamental approach, check WS Bets chat-flow with crazy option volume risk can shift greatly in your favor.
Is your setup for "D" daily or other time frames. I´m asking because i don´t know what your reference point for implied volatility change is (1 bar ago).