Sep. 2 at 5:15 PM
$CRM options flow lesson: one options print is evidence, not a complete thesis. A large print can be directional, hedged, or one leg of a spread. Price structure and the next open interest settle help grade it. The alert snapshot shows
$7.5M in the Dec 15
$250 puts. Volume was 58.4x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.
