$PGY showing some interesting setup here. We're seeing bullish divergences forming at the lows, and price just printed its first higher low—that's the kind of structure you want to see before a proper breakout.

The key level to watch is this pinch point around the 200-day SMA and 20-period EMA converging. If we can close above with some real buying pressure behind it, we might finally see the start of a bigger move.

On the options side, there's been some decent flow coming into the 2/20 26-call contracts today. Nothing massive, but enough to show some conviction from the smart money. That's worth keeping an eye on as we approach this resistance zone.