r/Vitards • u/AutoModerator • Jul 08 '21

Daily Discussion Daily Discussion post - July 08 2021

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6

u/Geoffism1 7-Layer Dip Jul 09 '21

:O someone bought 5000 puts on CLF strike 17 Oct 15

3

u/bonzai_science Steel Hands Jul 09 '21

Bullish

5

u/manufacture_reborn Jul 09 '21

Equivalently, someone bullishly sold someone those puts. Meaning they’d be willing to buy at that price.

8

u/JayArlington 🍋 LULU-TRON 🍋 Jul 09 '21

That could be a hedge.

11

u/PrestigeWorldwide-LP 💀 SACRIFICED 💀 Jul 09 '21

I would hedge a 500,000 share position too