FacePlanted To New "All Time" Lows

Tyler Durden's picture

Previous lows from last week's pre-market action have just been broken as market-makers adjust to options trading on the IPO of the decade which just printed $30.10 - or all-time lows - now down 33% from its post-IPO highs. Volume is a little higher than the last couple of days but remains significantly below the first few days' exuberant exiting. Put volume is outpacing Call volume by around 1.5-to-1 with $25 strike Puts among the most active. Some lucky lottery-ticket buyer just bought 1 lot (100 shares worth) of $10 Puts maturing in two weeks.

 

Put-Call Ratio is around 1.5:1 and we note Puts dominating the volume chart...