Feb. 14 at 1:20 AM
$TEM saw a nice +2.3% bounce today but don't get too excited
We're still down about 2.8% over five days
Big money's not convinced
Over
$3.7M in deep ITM Feb
$67 to
$70 puts traded, way above prior open interest
Implied vol over 200 percent, that’s some serious downside protection being added
More than 90% of the 5-day options premium has gone into puts
Today’s bullish flow was just two far OTM Mar 20
$80 and
$90 calls, totaling around
$43K
Feels like cheap speculation, not real conviction
Caution here
This bounce looks more like a rally into a defensive setup than anything else