"120 call options..... Jan 2024 $5 strike bought today at 80 cents
Some people know something."
There's been a few comments/posts on option activity the last few weeks. Are you assuming the option writer knows the share price will be less than $5.80 on expiration in Jan 2024? So far the writer on the July calls is right.
Stay grounded friends. The road is long and winding, unfortunately for us.