🐋 IWM: Someone Just Closed a $25M Bear Put Spread — Are They Done Being Scared?

$25M institutional options flow on IWM. Someone just unwound a $25M bear put spread on IWM — selling 48,000 of the $249 puts and buying back 48,000 of the $247 puts, all at once, at the mid-price. That is institutional money removing dow.... Full breakdown inside.