Put Sweeps — July 8, 2026 | Pushing Profits
Category: Put Sweeps | Date: 2026-07-08
Today's put sweeps indicate heightened bearish sentiment across major stocks, especially in Micron and iShares Russell 2000 ETF.
Report
Market Insights on July 8, 2026 Put sweeps are signaling significant bearish sentiment as large premiums were exchanged on several major stocks today. Notably, we saw substantial activity in Micron Technology (MU) puts, with a remarkable $26.1 million premium for the $950 strike expiring on July 10, alongside another $11.4 million for the $945 strike. The iShares Russell 2000 ETF (IWM) was also a focal point, showcasing notable put activity with three trades totaling $14.9 million at the $295 strike, all expiring today. This suggests that traders anticipate further downside for small-cap stocks. Additionally, NVIDIA (NVDA) puts garnered attention, with a $6.4 million premium on the $195 strike expiring in October. This positions itself as a longer-term bearish bet, potentially indicating concerns surrounding the tech sector amidst ongoing market volatility.
Frequently Asked Questions
What are put sweeps?
Put sweeps are large trades where investors buy put options in larger quantities, often to express bearish outlooks on a stock.
Why do traders use put options?
Traders use put options to hedge against potential losses or to speculate on the decline of a stock's price.
How can I interpret large put premiums?
Large put premiums may indicate that traders are expecting significant downward price movement in the underlying asset over the specified time frame.