If your well regarded furu continuously just assumes all ask side trades are buys or sells, make sure to remind them that, in fact, that’s not true. Again, a lot of people are talking about $EL. You can speculate and assume that the volume will carry over into OI (with it being so far dated, I would personally lean toward position building), but until we get the open interest update, all you’re doing is guessing and speculating. Saying “they’re adding” or “doubling down” before the open interest update is disingenuous. The only person who knows whether it’s an actual add or not is the trader until we can verify how much carries over into OI. See $NKE example below.