May. 20 at 1:12 AM
$DELL — smart money vs tourists on the flow tape this week. Tourists:
$270 calls bought ABOVE ASK at
$256, expiring worthless Friday. Smart money:
$1.6M FLOOR put at
$230 August expiry, negotiated on the exchange floor when stock was
$247. One side got it right.
🐂 FLOOR put = institution owns the stock and bought downside insurance. Long bias confirmed.
🐻 Stock dropped 8% in a week. Weekly calls destroyed. Momentum is down near-term.
⚠️ Follow the FLOOR print, not the weeklies. Always.
#DELL #OptionsFlow #FloorTrade #InstitutionalFlow #hovdid
