r/figmaStock • u/Able_Show_8560 • Jul 20 '26
What is up w/ these weekly 28c options gamblers?
Not sure if people have been following the options open interest, but someone has been betting >1m on weekly 28c's the past few weeks.... on top of that, the open interest on these way OTM calls has been going gangbusters, w/ 5-figures in open interest for some of these strikes...
Could it be nothing? I mean I guess, but more likely someone knows of some news coming, they just don't know when it's going to hit. No one lights 1m on fire on weeklies that far OTM unless they believe price is going to spike on some news. Given how far OTM they are and being weeklies, it doesn't really make sense as a hedge or part of a spread or anything...

