BLND bullish options signal near $3.50 with $4 strike cluster
Blend Labs (BLND) is showing a strong bullish signal in the options market. With the spot price around $3.50, there is an unusually large cluster of more than 13,000 call contracts at the $4 strike. Such activity suggests fresh, directional positioning from traders expecting the price to approach $4 and possibly break higher.
Why this level is important
The $4 strike is close to the current trading price, making it a realistic target rather than a distant speculative bet. The sheer size of the call volume indicates strong market interest, which often leads market makers to adjust their positions in the underlying stock. In many cases, large strike clusters act as price magnets, particularly as expiration approaches.
Spot trading approach
For spot entries, my focus is on the relationship between price and VWAP during the session. A break and sustained move above the $3.60–$3.70 zone, accompanied by higher-than-average volume, could be a trigger for entry. Risk can be managed by placing a stop below VWAP or slightly under the breakout level. The first target area would be near $3.90–$4.00, with potential for further gains if momentum continues.
What to watch next
Going forward, it is important to monitor whether open interest and volume at the $4 strike continue to build. A steady or rising implied volatility will support the bullish case, while the sudden appearance of large put positions at the same expiry could weaken it. The broader technical structure remains favorable, and the fundamentals are supportive: BLND maintains high gross margins and has shown improvements in operational performance.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.