Nov. 4 at 7:03 PM
$SXC getting hammered today
Down 17% after Q3 miss and that customer contract breach
Guidance cut to
$220-225M EBITDA isn't helping
Seeing some action on Dec 19
$7.5 puts
Around 1,095 contracts with a ~
$65.9k premium on InsiderFinance
Looks like traders are hedging for more downside instead of buying the dip
Flow’s small though, just 3 prints
Don't treat it as a big signal
Might be smart to keep positions conservative until we get more confirmation
Path of least resistance is still lower unless things stabilize
