Nov. 1 at 12:11 AM
What's up with
$CNXC?
Seeing aggressive late-day sweeps in those Apr 17 2026
$30 puts
4,399 contracts total with a big 1,843-contract sweep vs just 58 OI on InsiderFinance
Looks like institutions are really leaning into downside protection
Price is down 15.03% this week and another 1.59% today
That momentum drop paired with these put flows is skewing risk toward more pressure
CEO's recent buy of 2,000 shares at
$42.03 is too small to shift the bearish vibe
Especially with an EVP selling 500 shares
Feels like downside pressure isn't letting up anytime soon