LiveVol Pro Scanner allows me to find big trades just like this one in DVMT.
DVMT has had a nice run since late last year and we got a trader who thinks this uphill climb is going to hit a slippery slope sometime this year. Implied volatility is signaling about a $10 move up or down between now and December expiration and the forecast is choosing down.
Time decay is next to nothing right now but he is long .07 vega so an increase in implied volatility would be favorable. There is a significant cash outlay to put this trade on so they are fully aware of the profit and loss potential with this trade.
Buy 1 DVMT Dec 65 Put $3.90
Sell 1 DVMT Dec 55 Put $1.20
We’ll see how it plays out.