Jul. 3 at 1:07 AM
What's up with
$BE today?
Another 6% drop on top of an 8% slide this week
No fresh headlines but check this out
Options players are piling into puts instead of calls
Spotted a massive 3,710-contract July 10
$242.50 put sweep on InsiderFinance costing around
$5.3M in premium
Institutions are clearly hedging for more downside, not betting on a quick bounce
Looks like the risk/reward is leaning bearish
Watch out for more pressure if this continues