Sep. 7 at 11:19 AM
$LZ took a hit with a 4.9% drop Friday, adding to a 4.7% weekly slide
That bearish vibe is strong
Saw 3,300 Oct 17
$10 puts hit the ask late Friday, right around 2:48 or 2:49 PM
That's a big move, 2,000 block and 1,300 sweep
With only 40 open interest, it's clear there's serious downside protection demand
Options volume shot up about 50 times and 94% of the weekly flow is puts
Price, flow, and news all point to downside pressure
I'd be cautious on dip buys here until this selling pressure eases up
$10 is definitely in play
