Jul. 2 at 6:16 PM
🐻
$BE put buyer stepping in hard
🐋 Contract:
$240P 07/10/26
💰 Contract premium:
$2.32M
⚡ Big candle premium:
$1.20M
📈 Ask volume: 1,556 vs 277 bid
👀 OTM: 9%
📅 Expiry: 8 days out
A huge put sweep hit right as the contract premium spiked — aggressive downside positioning into next week.
With
$BE puts trading above ask-side pressure, someone is looking for a sharp move lower or hedging heavy here.
Watching if this flow starts to pressure the stock. 👀