Put Sweeps — June 5, 2026 | Pushing Profits
Category: Put Sweeps | Date: 2026-06-05
Put sweeps today highlight bearish sentiment, especially in TSLA and NVDA, as traders hedge against potential declines.
Report
On June 5, 2026, the options market witnessed significant put sweeps, indicating a strong bearish sentiment among traders. Notably, Tesla (TSLA) dominated the put premium landscape with two major sweeps: the $395 put with an impressive $84.7 million and the $397.5 put at $70.3 million. This level of activity suggests that investors are anticipating a decline in TSLA's stock price. NVIDIA (NVDA) also saw substantial put activity, particularly with the $207.5 put, which garnered $50.8 million, and the $215 put with $31.3 million. This could signal traders hedging against potential downturns or speculating on price drops. Additionally, the SPY $750 put collected $39.3 million, reflecting a broader market concern, while Micron Technology (MU) had notable activity in the $1000 put, totaling $29.9 million. Overall, these figures indicate a cautious outlook as traders are leveraging puts to safeguard their positions.
Frequently Asked Questions
What are put sweeps?
Put sweeps are large orders of put options placed quickly, indicating strong bearish sentiment among traders.
How can I use put sweeps in my trading strategy?
Traders often use put sweeps to gauge market sentiment and to hedge against potential declines in stock prices.
What does a high premium on put options indicate?
A high premium suggests strong demand for puts, often reflecting traders' expectations of a stock's decline.