ERAS Erasca Inc

$ERAS sitting at the bottom of a falling wedge formation, price is right on a horizontal zone from back in June, and it just tested + successfully defended its 200 DMA ✅ King node/positive gamma flip zone at $15 with more heavy positive gamma at $17.5, meaning if it can reclaim $15, we might see some volatility compression/chop/consolidation between $15 and $17.5 for a while next.

$ERAS popped +9.49% today, adding to a +4.39% gain over the last five days But watch out, there’s a new legal investigation in play This makes chasing the breakout risky since any bad news could slam momentum Saw a 9,673-contract Nov 20 $17.5 call block at the ask on InsiderFinance, about $1.26M premium Shows some upside interest, but with the open interest and block structure, this is more of a reference point than a clear bullish signal Also saw late-day sweeps in $20 calls, 910 contracts, 29% OTM, with IV around 130% Feels like a volatility play more than anything Could be worth keeping an eye on