QuantInsider
Sep 22, 2:08 AM
What’s up with
$CRDU?
It’s been on a tear, up 47% in five days, 13% today alone
All this around CoreWeave’s
$3B convertible note news
But hold up, today's options tape is showing something interesting
Heavy put action, 2,000 Oct 16
$9 put contracts, about
$300K premium, way more than the prior open interest of 13
Big players are hedging hard
If you’re thinking of going long, maybe keep those stops tight or look at defined-risk setups
This isn’t just a clean momentum play into mid-October
Stay sharp out there
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