QuantInsider
Oct 2, 7:06 PM
$CVNA feeling the heat
Despite JPMorgan's top pick hype, options traders aren't buying it
They're stacking puts for October and November, bracing for a drop instead of chasing upside
Over the last five sessions, a massive 98% of
$3.1M in options premium went to ask-side puts in the
$50 to
$63 range on InsiderFinance
Big players are clearly hedging or betting short
Notable move was a 3,000-contract Nov 20
$55 put block with
$960K in premium, above open interest
Looks like a serious wager on a slide to mid-50s by November
Meanwhile, barely any call action
Just a small
$13K Oct 16
$80 call
Options traders are definitely cautious
0 replies