Put Sweeps — July 10, 2026 | Pushing Profits
Category: Put Sweeps | Date: 2026-07-10
Put sweeps on NVDA, TSLA, and MU highlight a bearish sentiment in key sectors today.
Report
On July 10, 2026, we witnessed significant activity in put sweeps, indicating traders may be positioning for potential downward movements in key stocks. Leading the pack was NVIDIA (NVDA) with a notable $4.3M premium on a $210 put option expiring on July 22, suggesting strong bearish sentiment. Tesla (TSLA) followed closely with a $3.1M premium on its $410 put option, scheduled to expire on November 20. This influx of capital suggests that traders are bracing for volatility in the automotive sector. Micron Technology (MU) also saw a hefty $3.1M premium on its $975 put option set to expire on July 13, indicating mounting concerns about the semiconductor market. Other significant put sweeps included the QQQ ETF with a $2.5M premium and Avago Technologies (AVGO) with a $2.4M premium, reinforcing the outlook for potential declines in these sectors. Overall, the volume and size of these put sweeps indicate traders are using these instruments as a hedge or to capitalize on expected declines in stock prices.
Frequently Asked Questions
What are put sweeps?
Put sweeps involve the purchase of large quantities of put options, often indicating a trader's belief that the stock's price will decline.
Why do traders use put options?
Traders use put options to hedge against potential losses or to speculate on declines in stock prices, providing opportunities for profit.
What does a high premium on a put option indicate?
A high premium suggests increased demand for the option, often reflecting heightened expectations for volatility or a significant price drop in the underlying asset.