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📦 Rewards Overview:
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[November 6th US Stock Options Leaderboard]
$Duolingo(DUOL)$: Put transactions totaled $775 million, with buying activity dominating; although the earnings report exceeded expectations, the Q4 booking guidance fell short of consensus expectations, leading to a pre-market/intra-day drop of over 20% in the stock price. Strategy: hedge by doing a 330/300 bear Put spread; bottom-fishing investors are using the sale of long-dated out-of-the-money Puts to adjust positions.
$Coinbase Global(COIN)$ Put $764 million; large order seen 25/11 520P "SELL", combined with the Central Bank of Ireland's fine of €21.5m, compliance risk is rising. Strategy: holders should create a Collar; bearish traders use the 520/500 bear Put spread.
$Tesla(TSLA)$ Call is active but leaning towards the sell side; shareholders have officially approved Musk's massive compensation plan, resulting in polarized sentiment. Strategy: Bullish with a bull call spread/covered call to manage downside.
#OptionsFlow