Aug. 25 at 1:48 AM
$SERV looking shaky today
Even with the Grubhub partnership news, we saw a 6.2% drop
Traders aren't buying the hype, they're going defensive
Over the last 5 days, about 2.2k Jan 2027
$6 deep ITM puts swept at the ask
That's over
$430K in premium pointing to medium-term downside protection
Today, 500 Aug 28
$5.5 ITM puts were also swept
This sell the news action is a red flag
Be cautious about dip buying without clear signs of stabilization
Feels like more downside or volatility ahead