Seeing heavy action in options market
Research Edge Position: Long Consumer Discretionary via XLY, LIZ, CROX, etc.
June $19 Puts: 37,000 contracts on ISE at 11:30. Heard paper bot 75,000 in Chicago earlier, paid offer -no print though. 110,000 open interest on the line coming in.
We are long and smelling the fear.
Fire in the hole!