Mar. 30 at 11:26 PM
Big money keeps stacking deep ITM
$TSLA puts even as it slides nearly 9% this week
No fresh news but over
$150M in April 17th
$500 puts bought
Institutions aren't messing around, hedging or betting on more downside
Options market shows 48% put flow, just under calls but it's all about protection
Not seeing a rush for a quick bounce so dip buyers might want to hold off until things settle down
Stay cautious if you're holding unhedged long positions
