Aug. 21 at 1:53 AM
$BE taking a beating, down about 13% over 5 days and another 2% today
Massive moves with around 5.5k Aug 21
$240 puts and
$260 puts trading on the ask, IV near 270 to 360%, over
$26M premium on InsiderFinance
Institutions are doubling down on bearish bets into tomorrow’s expiry
Long-dated puts getting action too
Multi-million dollar sweeps in Jan 2027 and Jan 2028
$175 to
$100 strikes
Put flow is at 81% over 5 days
Clearly, there's a demand for downside protection
New class-action tied to scandium sourcing from China is adding to the mess
Volatility risk is up and the market's feeling it