Sep. 9 at 1:35 AM
$LOVE took a hit today, dropping 3.7% with some aggressive
$15 put sweeps coming in
Seeing 3,248 Sept 18 puts at the ask on InsiderFinance, way above the 16-contract open interest
Looks like traders are betting on more downside in the next couple weeks
No fresh news so this feels like short-term hedging or speculation
Near-term risk definitely skews lower
Implied volatility is high at 95 to 107%, making downside protection pricey
If you're bearish, maybe consider vertical spreads to manage that vol crush risk
Overall, with price and options both pointing down, don't expect a quick bounce
Stay cautious
