Someone just threw $8.44M into $HWM puts ahead of earnings. This isn't hedging—this is conviction.
5,375 contracts | $195 strike | Nov 20 expiry
Bought at the ask, rising fills = buyer was aggressive
Breakeven: $179.30
Howmet reports next week. Either someone knows something, or they're about to get wrecked. Watch this one closely.
5,375 contracts | $195 strike | Nov 20 expiry
Bought at the ask, rising fills = buyer was aggressive
Breakeven: $179.30
Howmet reports next week. Either someone knows something, or they're about to get wrecked. Watch this one closely.