GOOGL PUT +$5.90 (+175F) in 5h45m — squeeze broke down
KYRO PUT triggered at 10:10am $338.20 and paid out to $332.30 at 3:55pm for +$5.90 (+175F), with volatility tight at entry before the drop really caught. Momentum and direction flipped to downside when the DMI signal confirmed bullish-to-bearish pressure at 10:35am, and options flow shifted to puts by 11:40am while price ran below the opening range low.
GOOGL put buyers got paid from the 10:10am entry at $338.20 to the 3:55pm exit at $332.30, banking $5.90 over a 5 hour 45 minute hold, with a solid $1.03 per hour. Z3 fired bearish at 10:40am, six bars after entry, then stayed hot with 16 favorable momentum bars and a nasty peak read of -4.70, which told you the downside had real follow-through. Options flow leaned call-side at the open but flipped to put control at 11:40am and stayed bearish into the close, while gamma was pinned around the $335 strike, making that area the key battle line. The move got confirmed when downside trend control kicked in at 10:35am, volatility had already expanded before entry, and price went from the upper part of the opening range to below the day’s opening low with the main volume magnets left overhead.
Verdict: this was a good short that worked, but it was not cheap theta-wise because the bands were still squeezing at entry, so the hold was worth it only because the trend finally expanded and stayed there.