Jun. 4 at 9:49 PM
$PATH on Wednesday the broader markets nine session winning streak snapped due to an AI chip sector, wobble and macro geopolitical headlines. While the main induce pulled back defensively, institutional options flow on PATH told a much more resilient story.
Even as index – level products rotated into a defensive posture,
$PATH volume put – call ratio hovered around 0.42 a highly bullish number indicating that for every four puts traded nearly 10 calls were hitting the tape. The tape saw a series of Block trades and sweep orders concentrated in the June 19, 2026, 12 and
$13 call options this longer – dated accumulation indicates that large desks were using the general market dip to load up on premium ahead of the mid – June corporate re-rating cycle.
On the sell- side, put volume remains intensely light. The only meaningful put cluster is localized at the June 19
$11 strike, which matches the exact institutional floor outlined after earnings, indicating that portfolio managers are
