Oct. 16 at 8:25 PM
$AJG taking a hit, down 5.4% today and 7.9% this week
Seeing heavy put action with a fresh buy of 200 Nov 21
$280 puts for around
$164K, showing strong bearish momentum
No clear catalyst to change the trend so downside risk is real
Those aggressive weeklies with 740 ask-side
$270 puts expiring tomorrow are keeping the pressure on
IV is elevated and the focus is around that
$270 mark
Watch how this plays out into November