CRWV PUT +$4.04 (+141F) held 2h20m — bands tightened then dumped
Volatility squeezed after the bearish bands tightened overhead, then the PUT paid as price fell from the lower end of the session. Confirmation came from institutional sell volume (bear anchor at 10:15am with volume spikes) and momentum turning decisively bearish at 10:45am, plus a clean break under the IB low at $131.03 on the way down.
CRWV paid +$4.04 on a PUT entered at 10:30am at $131.38 and closed at 12:50pm at $127.34, a 2 hour 20 minute hold that captured 72% of the available move. Z3 confirmed the downside at 11:10am, eight bars after entry, then logged 9 favorable bars with a peak bearish reading of -4.52 at 11:45am, which told you the selloff had real momentum and not just drift. The setup had a bearish volume anchor from 10:15am overhead with no bullish anchor underneath, entry triggered in the lower end of the day’s range, volume showed up before entry at 10:10am and again at 11:40am, 12:15pm, and 12:50pm, and the move got cleaner when sellers took control on DMI at 10:45am, the Kijun flipped lower at 10:45am, and price broke the Initial Balance low at 11:05am at $131.03. It wasn’t clean early: CRWV pushed $1.13 against the PUT by 10:35am, and it took the full 140 minutes before the trade showed 10F, so this definitely made you sit through heat before paying.
Verdict: messy start, strong confirmation, and a worthwhile hold, but giving back $1.58 from the best close means it was solidly profitable without being perfectly timed.