Mar. 5 at 9:47 PM
$LAW on a wild ride, up nearly 60% in five days
But check this, today's options flow is all about those long-dated
$5 puts
Big money hedging downside, not chasing more gains
We're seeing 1,675 contracts on those puts, 5.2x normal volume
Institutions are stepping in big, paying up for protection
That’s not just noise, it's a heads-up to watch your risk
Meanwhile, a director just bought 1.03M shares
That's some serious insider confidence
If you're thinking of fading this move, consider defined-risk plays over naked shorts
Mixed signals all around
Keep your eyes on the risk management game
