) for yesterday’s uptick in the stock market. The stock accounted for nearly 70% of the day’s gains in the Bloomberg 500, a proxy for the
It was also unusual that the stock surged nearly 5% today on fairly average volumes and below-normal call volume. The accumulation of gamma suggests that $150 may act as a significant level of resistance, mainly as implied volatility decreases following the results, prompting call holders to sell their shares if prices fail to surpass $150.
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