Nov. 9 at 12:10 PM
$RXO looking rough after that Q3 miss
EPS came in at
$0.01 when we needed
$0.03 to
$0.05
Add in those target cuts from UBS to
$15 and Susquehanna to
$9.50 and you see why it dropped 29% this week
That 7.8% hit last session stings too
Bearish vibes are strong with those Feb '26
$17.5 puts
Three sweeps on 11/5, 627 contracts, now in the money
That's some serious downside pressure
Not seeing a bottom until the flow flips or we get some price stabilization
Stay cautious
