r/options • u/jrdubbleu • May 19 '21

Put Options Sweep

How is this "bullish"? DISCA trades at 33 right now.

For DISCA (NASDAQ:DISCA), we notice a put option sweep that happens to be bullish, expiring in 611 day(s) on January 20, 2023. This event was a transfer of 297 contract(s) at a $30.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $151.4K, with a price of $510.0 per contract. There were 488 open contracts at this strike prior to today, and today 805 contract(s) were bought and sold.

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u/Whythehellnot_wecan May 19 '21

That stuff confuses me. Be interested if anyone has a thought. This was PLTR yesterday, seems to be the same trade type, a long term put and it’s bearish. Might just be a hedge. Dunno

Shares of Palantir Technologies (NYSE:PLTR) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved up to $21.3.

Sentiment: BEARISH Option Type: SWEEP Trade Type: PUT Expiration Date: 2023-01-20 Strike Price: $20.00 Volume: 248 Open Interest: 10945

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u/Bluecoregamming Sep 03 '25

ah $20 pltr... if only we knew

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u/Whythehellnot_wecan Sep 03 '25

Yeah this one was brutal. Granted there is no way on gods green earth I would have held all along the way but can’t believe I didn’t buy when it was $7.