QuantInsider
What’s going on with $CMBT?
After a rough 16% drop this week, partly due to a $0.64 ex-dividend hit, traders are diving into those same-day $20 puts
IV is over 300% which is pretty wild
This looks like a big move for short term downside protection, not a long term play
Put flow is all-in today and 93% for the past five days, mostly in those $20 contracts
Feels like latecomers might be taking a timing gamble if things bounce back intraday
Watch out for any mean reversion
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