CELG shows that following optionsflow can be a very valuable tool.
Earlier this week our bot @gr8estbot detected unusual optionsflow in CELG, and today it closed at a new week’s high, as well as just slightly above the 9/14 high.
While we still have higher targets on our larger TimeFrame charts such as the daily and 30min charts, we want to look at the shorter TimeFrames for tomorrow’s expiration of the weekly options.
Today on the 1min chart CELG closed just above the 127%XA, which brings the 161.8%XA as the next level in focus.
Again some rather large Call buying today.
here a report of all the large Call buy trades this week so far: