Mar. 28 at 1:57 AM
$IEF sitting flat today but check this out
One big player just grabbed a massive block of
$93 puts for April and May
We’re talking 130k contracts, over 60 times the open interest
Feels like they’re setting a downside line at
$93
No news or volume spikes though, so looks more like a hedge than a big sell signal
Nearly
$7.4M in options premium tied up in these puts but no broad market conviction here
Keep an eye on how this plays out next week
Watching open interest and price action around
$93 will be key
Confirmation from follow-through flow is what we need before making any big moves