Mar. 14 at 2:53 AM
What's up with
$AFRM?
After dropping 8.7% in the last five sessions, it only managed a 1.1% bounce today but traders aren't buying it
Instead of call dip-buying, we're seeing heavy put action
Spotted a 1,994-contract ask-side sweep in the 3/20
$47 puts on InsiderFinance
That's aggressive short-dated downside positioning, about 5 times the existing open interest with nearly
$395K in premium
With no bullish news and this kind of put-heavy flow, the risk is clearly leaning to the downside
Fresh unhedged longs might be in trouble here
Stay cautious if you're on the long side
