And what if that move yesterday was deliberate?
That move down yesterday was done with about 2.1M shares.
Don't look at the days volume, it was done by noon. I just broke down the volume.
Now, look at all the $40 puts that got sold yesterday north of $5. Today too.
Add those with all the $37.50 puts, and the $35's, and even the $32.50's.... we're talking 100 million dollars easy. And while you're selling all those on the drop.... you buy the otm calls for cheap.
Yep.... Coupang could be setting up to take off hard.
That move down yesterday was done with about 2.1M shares.
Don't look at the days volume, it was done by noon. I just broke down the volume.
Now, look at all the $40 puts that got sold yesterday north of $5. Today too.
Add those with all the $37.50 puts, and the $35's, and even the $32.50's.... we're talking 100 million dollars easy. And while you're selling all those on the drop.... you buy the otm calls for cheap.
Yep.... Coupang could be setting up to take off hard.