Oct. 21 at 7:36 PM
$PAAS is taking a hit, down 9.6% today and 14.4% over 5 days
Heavy gap-down volume is pushing that downside momentum
Interesting to see
$5.3M in ask-side Jan 2027 call sweeps
Looks like some strategic dip-buying but don't expect a quick bounce
The far-dated strikes mean it is not a short-term play
Mixed analyst views and a price target cut from Scotiabank added to the selloff
With the tape looking rough, going long here feels risky until we see some stabilization
Be cautious if you are considering contrarian moves