Feb. 13 at 10:13 PM
$PATH looking shaky after that ~8% drop this week
Options action is super defensive
Institutions are piling into puts instead of snagging calls on the dip
No fresh news to pin this on so the options market is flashing some serious downside risk
Over the last 5 days, PATH is down ~7.7% with about 75% of ~
$3.3M in options premium going into ask-side puts
That's a lot of downside exposure
Makes me think twice about jumping in with aggressive dip buys
And check this
Someone grabbed a 7,000-contract Jan 2027
$8 put block for around
$700K when PATH was near
$13
That’s more than double the existing open interest
Big move
