Aug. 19 at 2:44 AM
Big players making moves in
$CSX
Seeing a mix of long-dated call buys and a massive 10-day
$49 put block
This isn't a clear directional bet, looks like they're hedging both ways
Today, a 10,038-contract August 28th
$49 put traded at the ask
That's about
$552K, showing fresh downside protection
Short-term bulls, watch out
Maybe hold off on heavy upside bets until CSX can stay above
$50 and put interest cools off
Meanwhile, nearly
$1M went into Jan 2028
$50 ITM calls over the last couple of sessions
Plus a
$500K September
$52.5 call block
Medium-term upside is on the table if we can get some momentum
