So first of all, I'm an idiot. Just to get that out of the way.

Like all of you, I saw the nonstop flurry of $WISH activity on this page during the latest "meme stock" runup. I didn't think much of it. Bought some shares and a contract, lost some money on both, whatever. Shit happens.

So to the point: Ive been building a program on/off for the last few years that analyzes individual stocks and general market activity. I'm a hobbyist, not an expert. I was looking through the current options data for different companies, and when I got to $WISH, I noticed something that I thought was strange.

https://imgur.com/a/yY8Wcrt

Tell me that is not one of the most bullish options spreads you have ever seen. At least through mid-August, there is a consistent high OI of call contracts between $10 and $15. Even more, on Aug 20, some whale purchased around 15,000 call contracts at $15 and $20 strikes. Holy guacamole! Even more, there is almost no OI for puts lower than the current price (~$9.00 as of this posting)

This is the whole market being jacked to the tits about their earnings report on Aug 12. I could be wrong (probably am) but based on this but I am expecting the price to bleed upwards before their announcement and will probably have strong support until the $15 mark. Someone please tell me here if I am overreacting about this because now, I too, am jacked to the tits.

Full disclosure, I absolutely bought shares and calls today after I saw this chart.