u/Cool_Negotiation_648

A ~$2M+ purchase of 20K+ contracts for the May 15th $63 call (15-20% OTM) with near-zero prior open interest was detected three days ago. No public catalyst exists between now and expiration (earnings not until June 4th). Such large, concentrated option bets often indicate non-public information or anticipation of a major event (e.g., acquisition, partnership, unexpected earnings beat). The author is mirroring this with their own May 15th $60 and June 18th $60 calls. The unusual options flow provides a high-conviction directional signal; following the whale's lead on RBRK calls with a short-term (May) and medium-term (June) horizon. No obvious catalyst; the trade could be a hedge or a misinterpretation of noise. Price already declined from $54 to $51 after NOW’s SaaS selloff, and further sector weakness could invalidate the thesis.