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!

Andrew Barber
Director