APP’s had PT raises but has been insanely volatile. Big drop into the Jan 16 LEAP expiration has me wondering if this was partly options flow / dealer hedging rather than fundamentals.
Seen other high-beta names dump into opex and then bounce once that pressure’s gone.
Full transparency: I’m holding 615 calls exp 1/30. Bought Thursday, averaged down yesterday.
What’s the read here? More downside or post-opex bounce?