Mar. 17 at 9:12 PM
What's up with
$PARR today?
Saw a heavy burst of April
$40 puts being snapped up
We're talking about 2,479 contracts, way above the 57 open interest level on InsiderFinance
That's a big move with
$121K in premium
Despite the stock's slow +2.3% climb over the last five days, this feels like someone's hedging for potential downside
No big news to back a bearish shift yet, so maybe just early positioning
Keep an eye on price, volume, and IV before making any big moves
Could be time to think about tighter stops or protection if things start to slide