Oct. 23 at 11:55 PM
$CDTX Based on traced option history from the 90‑strike puts saw their main buildup between October 7–10, when open interest jumped from roughly 220 to over 500 contracts .
That was before the sharp share‑price pullback that started around October 13, when CDTX retreated from about
$110. THE timing and size of that increase suggest advance hedging or a large trader protecting gains (or shorting synthetic) just before triggering selling pressure. There has been strategic selling or risk reduction.
However recent growing Call volume in 100 and 105 strike (closer to at the money) suggests there could be a rebound associated with the upcoming earning call.
I am not at all concerned about some price fluctuation since the 120$ levels and we might even see some more pressure ahead of the earnings call. Zoom out
