On July 7, 2026, the options market displayed a bearish sentiment overall, with total bearish premiums reaching $910.4 million, significantly surpassing the $624.7 million in bullish premiums across 990 flagged contracts. This trend suggests that traders are bracing for potential declines in stock prices. The largest trades for the day were notably focused on bearish bets for several high-profile stocks. The Microchip Technology (MU) PUT options at $900 commanded a substantial $50.2 million, indicating a strong expectation of a downturn. Additionally, Tesla (TSLA) options saw considerable bear