1DTE - SKLZ $1 17Jun Put - Why would anyone be a buyer of these?
I'm trying to understand why there would be any buyers for these puts when the underlying is trading at $1.30? Put volume of 655 throughout the day, SKLZ appears to be traded almost 100% by Algos nowadays. What sort of strategy might require buying this OTM put a day before expiration? Is making 2-3% at 8 Delta in 24 hours an attractive trade to folks here? Thanks.
Posted Jun 17, 2022, 8:25 AM UTC
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