Mar. 27 at 7:33 PM
$KLAR taking a hit, down 6.6% over five days
Institutions are piling into April 17
$12.50 puts, sweeping 20,440 contracts with IV at 85 to 90%
That's around
$1.94M in premium
No clear news driving this but it signals a bearish stance
Today's drop is 3.7% and options flow is all about puts for mid-April
Momentum is clearly down
If you're thinking short, maybe consider defined-risk strategies
Chasing those expensive naked puts might not be the move right now
Stay cautious on dip-buying until we see a shift in price or flow