Jul. 25 at 8:21 PM
Check out the action on
$WEST
Two big block trades just scooped up 510 puts at
$7 for a hefty
$31.6K premium
That's some serious bearish sentiment right there
Momentum is at 2.5x which means traders are betting hard on a drop below
$7
If you're holding, it might be time to look into protective puts or bear put spreads
Feels like things could slide south fast
Keep your eyes peeled