Jul. 17 at 6:33 PM
$PLTR looking interesting today
Spotted a 2,554-contract Oct 16
$145 put golden sweep at the ask on InsiderFinance, around
$5.8M in premium
Someone's hedging big for Q4 downside instead of betting on a rally
Last five sessions saw a bunch of near-the-money August
$130 put sweeps, pushing flow to 64% puts
That
$130 level's a big deal now, break below and we might see more hedging pressure
Holding above? Those put buyers might start sweating with time decay
Even with the Nvidia AI partnership and SBA fraud-detection news, PLTR's only up ~1% over five days
Market's hedging on the news, not chasing