Mar. 24 at 8:42 PM
What’s up with
$NOW lately?
Down 5.7% today and 8.4% over the last five days with no fresh news to explain it
Looks like a downside momentum play
Check this out
Saw a
$7.75M ask-side SPLIT in the June 18th
$178 deep ITM puts
That’s 1,150 contracts vs 208 OI and 94% IV on InsiderFinance
That’s a major move suggesting institutional hedging or a synthetic short
Today’s short-dated call sweeps feel more like speculative dip buys than any real trend reversal
Stay cautious if you’re thinking about fading this drop