Formula Founder: Sells Nearly $7 Million in Put Options Today, Sentiment in Sector Nearing Extreme Bearishness

BlockBeats News, July 28th, Formula News founder Vida announced on social media today that nearly $7 million worth of storage concept stock put options have been sold, with the majority set to expire in one month.

The current downturn in the storage sector has pushed sentiment to its limit. All seasoned traders are lamenting that they could not have anticipated such a market move, especially given that the implied volatility of storage stocks is at a historical high percentile.

The AI revolution continues, the demand persists, and the fundamentals from a month ago remain unchanged, effectively placing a 35-50% discount on the same asset price one month later.