Jul. 22 at 1:22 AM
$BE ripped nearly 15% today on AI deal hype
But hold up, options desks were busy loading up on short dated puts
Looks like they're hedging, not chasing upside
Over the last 5 days, 76% of the
$199M options premium went into puts
Today’s spike feels like a rally into existing hedges, not a confirmed trend shift
Standout flow on InsiderFinance showed an
$8.9M Aug 14
$230 put golden sweep and heavy action in July 31
$197.5 to
$165 puts
IV is over 250%, signaling big demand for downside protection
With a
$1.7B AI deal and earnings on July 28, we’ve got a lot to watch