Jul. 9 at 2:01 AM
$RBLX looking shaky with that legal pressure weighing in
Big put action on July 6 with 4,000 contracts at the
$55 strike says a lot
Over half the 5-day options premium tied up there
Feels like the market's bracing for more downside or at least some choppy waters around
$55 as we head to expiration
Today's 2.8% drop on those class-action headlines didn't help
But interesting to see all the flow in short-dated OTM calls,
$59 and
$65
Looks like some are trying to catch a dip
With
$430K in play there, it's more of a gamble against the trend
Stay cautious, this feels more speculative than a real change in direction
