Feb. 26 at 1:50 AM
$TOST had a nice 5% bounce today
Some aggressive short-term call buyers jumped in
The Feb 27
$27 calls were hot with almost 5k contracts moving
But here's the thing, nearly 80% of recent option action is tied up in a big April 17
$26 put block
That's a lot of downside focus keeping the tape skewed toward risk management
No fresh news driving this, just mixed flows
The 5-day trend is still slightly down at 2.1% so today's move feels more tactical than trend-setting
Need to see if
$TOST can hold above the high
$26S or get some new flow to really shift the balance
