May. 20 at 8:10 PM
Keep an eye on
$EWG
A big player just loaded up on 20k June 41 puts during a 2% up day
That's a sharp divergence between price action and downside protection
Saw two big ask-side blocks with about
$1.7M premium on InsiderFinance
Volume's around 40 times current open interest
Looks like a hedge, not a short bet
With EWG up about 3% over 5 days and no fresh news, this put action suggests caution
Watch for either weakness or a fade in demand before making any big moves