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| I’d say there’s 90% it lands between 3.50 and 5.50
A 75% chance it lands between 4 and 5
The most likely being 4.50
But being as there’s more oi on the call side I’d assume those are hedges (shouldn’t all options be hedges?) for short positions. So there’s more people betting on down and they are hedging a potential upwards price movement.
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