Sep. 10 at 3:49 PM
$MXL pulling back about 5% after that nice 12% run-up
What's the deal
Seeing a big wave of December puts hitting the ask, around
$4.5M in premium
Looks like institutions are hedging for some event risk with those Dec 18 puts at
$65 and
$85
With bullish news still floating around, the direction isn't clear
Be cautious chasing the upside
Maybe stick to defined-risk or volatility plays around the investor meeting instead of going all in on a directional bet