Apr. 21 at 6:35 PM
$RHI is up over 4% today and nearly 5% this week
But something feels off
All the options action is in puts, 100% of it
We're looking at 2,774 contracts and a
$259K premium with 4.3x volume momentum
It's all about those May 15th
$25 puts, several times the prior open interest
Feels like a big downside bet, maybe hedging or speculating
No new news driving this so it’s a bit murky
With this setup, caution is key
Smaller positions or defined-risk plays make sense until we see more clarity
Watch that
$25 level into mid-May
