May. 8 at 7:24 PM
$TOST looking rough after that earnings drop
Despite beating EPS and raising guidance, it's still down about 15% over the last few days
Traders aren't buying the dip yet
Saw a 15,013-contract
$24 put sweep at the ask on InsiderFinance with volume way above open interest
IV is near 100% too
Looks like the market is prepping for more downside rather than a quick recovery
With all this bearish action, jumping in now seems risky
Better to wait until the tape and put demand settle down