$AAOX $AAOI it has been a rough couple of days but the bottom is in. Went in heavy at this lvl $6 range. Good luck everyone!
4
QuantInsider
What's up with $AAOX
After a brutal 23% drop over five days
Today's 13% bounce looks shaky
Big money is piling into November $3 puts and sweeping 2,000 contracts
No new bullish news and the options tape is 86% put-heavy
Feels like they're betting on more downside rather than a reversal
With IV over 220% and those puts way above existing open interest
I'd be cautious about jumping in long here
This action screams defined-risk bearish plays over chasing upside
Keep an eye on this one