Aug. 31 at 4:05 PM
$RVLV looking shaky
Big put sweeps hit this morning with around 5,000 Oct 16
$22.50 puts swept at the ask
Traders are paying up for some serious downside protection
That's about
$642K in premium
This kind of action is dominating the flow and suggests there's real concern about further drops
The stock's down 2.6% today and almost 4% over five days
Even with a Q2 revenue beat and that Porsche Collection collab, the market isn't buying the hype
Feels like any bounce could be a trap unless we see some solid stabilization
Keep an eye on those risk structures if you're thinking long
