u/Cool_Negotiation_648 ·
Reddit — r/wallstreetbets
· April 24, 2026 at 13:53
· ⬆ 16 pts
· 💬 5 comments
| View on Reddit ↗
AI Summary
Summary
Post analyzes a massive unusual options trade on RBRK (Rubrik): 20K+ contracts of the May 15th $63 call purchased when open interest was only 4.
Author believes this whale bet signals an imminent positive catalyst (despite no obvious event before May 15) and is following the trade with their own call positions.
Thesis is speculative but data-driven; the unusual size and timing make it a notable signal for retail traders.
Score16
Comments5
Upvote %89%
▶ Full Post Text
Current price\~ $51
Price earlier this week: \~$54
RBRK took a hit yesterday as well as many other SAAS companies after NOW’s earnings. Even before this hit however, there were many bullish signals.
Three days ago, there was a purchase of 20K+ contracts for the May 15th 63 call. This strike had an open interest of 4 and to be honest with you, I don’t see a clear catalyst between now and then given that earnings is on June 4th. However that is a >$2M bet for a strike with almost no prior OI that was 15%-20% OTM (more now after NOW’s earnings) for a time frame with no clear catalyst. That makes me think someone out there suspects something big is about to happen and I am following suit.
Positions
May 15th 60 call x 50
June 18th 60 call x 50
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.
This Reddit post, published April 24, 2026,
features u/Cool_Negotiation_648
discussing RBRK.
1 trade idea extracted by AI with direction and confidence scoring.