Sep. 26 at 2:39 AM
$NTR is looking at a bit of a pause here
Ex-dividend on Sept 29 with a
$0.545 payout means a mechanical drop of about 0.92%
That’s likely why we saw today’s flow lean toward near-dated puts
Not much love for short-dated calls with this setup
Biggest move today was an Oct 10
$55 put sweep with 3,394 contracts at the ask
Pretty hefty, around
$101.8k, and 8% out of the money
Signals some downside caution and keeps the volatility in play until after that dividend reset
The 5-day rally was nice but with this setup, directional conviction feels a bit shaky
Let's see how it plays out
