Aug. 21 at 7:01 PM
What's happening with
$CG?
Even after a +2.4% bounce today, it's still down about 3.7% over the last 5 days
Traders are snapping up those Sep
$42.50 puts, with 5.5k bought across yesterday and today
Each trade was larger than the open interest, pointing to some serious downside hedging or positioning
Looks like folks are eyeing that
$42 to
$43 range as a key risk zone
No clear direction yet, but definitely something to keep an eye on