Whale's actions:
$Futu Holdings Ltd (FUTU.US)$ For reference only: Sell Put expiring on May 16, 2025, with a strike price of $70, 260 contracts/matching 26,000 shares, receiving a premium of $137.8k, approximately $530 per contract, implying that this individual or institution does not mind acquiring twenty-six thousand shares at a price of $70-5.3=$64.7 per share on May 16 next year. Please use for reference only!
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378165813 : Does this institution have a long-term bearish view?
OptionX OP 378165813 : No, the trader in this deal wants to buy at a low stock price, but if they can't get the goods, they will earn a contract fee of $130,000. If they get the goods, the cost will be at 65.7.
378165813 OptionX OP : Thank you
Dave Rave OptionX OP : Smart move