Monster puts on MNST energy

Noticed some large puts being bought for $50 and that is a long term support. Price looks over extended and earnings if they are bad could drop this down hard.

הערה:

Filled at 1.05 for $50 strike.

הערה:

Puts already in profit

הערה:

Puts bled a bit, but now back in profit.

HTF divergence playing out as SPY craps the bed.

הערה:

Trade complete. MNST dumped. Wish I had bought ITM puts instead looking back. Cleared a little over 40%.

הערה:

OI on the puts I bought dried up fast from 40k to 2k so I made the right call getting out.