Jul. 13 at 11:56 PM
Big player just loaded up on October
$40 puts for
$GFI and it’s all over the options flow on InsiderFinance
We're talking 2,323 contracts, more than double the open interest
This isn't just noise, it's a signal
With 100% of today’s flow in these puts and momentum around 25 times normal, things are looking bearish
Shares are only down about 1.8% today so this feels more like a hedge than outright panic
No new news driving this so maybe hold off on those dip buys
Might be wise to wait for more clarity or a slowdown in put demand before jumping in long
