QuantInsider
Nov 9, 10:25 PM
$AMTM popped over 5% today
But don't get too excited yet
Traders were sweeping those April 2027
$20 puts like crazy
Around 1,400 contracts with a small 13-contract open interest
That's a lot of downside hedging even with the price jump
No major catalyst driving this so it's a bit of a mixed signal
Price up but cautious flow
Feels like a tactical wait and see moment
Might be smart to hold off on new bullish plays until we see more confirmation
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