Aug. 8 at 3:11 PM
$ASTX looking interesting this week
Saw some big moves with one institution grabbing near ATM Aug 21
$14 puts right before earnings
We're talking two blocks of 900 contracts on Aug 7, dropping about
$193K premium at 220% IV
Feels like they're hedging for downside into the earnings event instead of betting on a big directional play
High volatility setup means any options play here needs tight, defined risk
Keep your eyes peeled