Dec. 5 at 12:29 AM
What's going on with
$CI?
Institutions just dropped around
$85M on deep ITM puts at 3:20pm
That's serious downside protection into 12/19 and 1/16
7,800 Dec 19
$310P at
$44.20 and Jan 16
$350 to
$380P blocks bought way above OI
This is high signal stuff, keeping IV firm and pressure on
Today’s 0.70% dip even with that
$1.51 ex dividend adds to the 3.77% 5D slide
All this put flow lines up with the decline
Management’s PBM margin pressure guidance is another headwind
Feels like near term risk