Nov. 5 at 4:58 PM
$TRIN looking rough after that EPS miss
Dropped 4.5% and didn't see a bounce
Instead, there's heavy action on the
$15 puts
This morning, a big block of 1,898 contracts hit the ask for Nov 21
That's about
$104K in premium, exceeding previous open interest
Seems like fresh protection or short interest is building
Near-term downside looks more likely now
Keep an eye on those puts capping any bounce attempts
