Mar. 20 at 10:25 PM
What's going on with
$MUFG today?
Saw a 2.7% drop and traders are jumping on puts like there's no tomorrow
About 3,000 April 17
$15 puts swept on the ask
That's some serious downside protection being bought up
Options flow is wild, 7.3 times normal with 100% in puts and zero calls
Seems like everyone's hedging or betting on more downside
Be cautious about jumping in bullish until we see some stability or a shift in this trend